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Showing you how to get a free second opinion on the advice you have been provided with by an IFA
By plrprousers | September 16, 2009
Written by Jon-Paul Edwards
Director Highworth Financial Planning Ltd
Although most IFAs have access to the same products and services, the cost of these can differ massively based on the charging or commission structure applied by the IFA.
Usually the IFA has the flexibility to amend the charging structure and this applies to most pensions, investments and insurance contracts, so it is important to make sure that the amendments the IFA makes ensures that you get good value for money, whilst allowing them to get paid a fair amount for the work which they do for you. The best way to do this is compare the Key Facts Illustration you are provided with, and if you have not been provided with a Key Facts Illustration, then you should ask for one before completing any applications.
At Highworth we offer the facility to provide a free review of any Key Facts Illustration you have been provided with to ensure that it represents good value for money. Simply by speaking to a live chat representative, and either emailing, faxing, or uploading your Key Facts Information Document, we will check the charges and costs to make sure they represent good value for money. We provide this review free of charge, and in most cases we can find a lower cost plan with better features and flexibility than the one you have already been offered.
Recent examples include increasing the number of illnesses covered under a client’s critical illness plan from about 30 to over 90, whilst saving them money in the process, and potentially increasing a client’s pension by over £90,000 just by providing information on a lower charging pension contract (which has also performed better over the last five years). Obviously these clients have been very impressed with how we have been able to help.
So before doing any business with any other IFA, why not check out our free review facility? Do you have anything to lose?
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