Pension transfer out true potential. I decided to transfer my pension to True Potential and what a mistake that was, funds were transferred and it took 8 working days to actually get the momey into my new pension. When I asked what interest or growth it made in this time I got nothing at all as it was being processed.
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GIA £28K True Potential Growth Portfolio -(£20K will be moved to S&S in April.) S&S £158K True Potential Growth Portfolio Pension £248K Royal London Occupational Pension £25K with Scottish Widows pay min in plus employer contribution which is the max they will pay. Defined Contributions pension £3.5K pa at last valuation.
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You explained it as"as True Potential has rapidly expanded its client base, the gains have dwindled to nothing", implying that the low performance of a TP 'Balanced+' investment from May19-20 of 1.1% (while Vanguard LS60 with its higher US index allocation gave 5.2%) versus its greater performance May16-May17 of 18.6% (VLS60: 19.7%) was not simply to do with markets performing generally lower ...
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22 December 2020 at 12:39PM. My ifa has just informed me he is moving to True potential which he believes is a good deal for me however he is looking towards retiring soon. (I have read previous threads on True Potential )My pension is on the Aviva platform is £185k, it is not my primary pension.I have just taken voluntary redundancy and ...
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It will cost you more than £500 but probably less than an IFA or True Potential . The issue is that you get investment/portfolio advice but not much else, such as tax planning, advice on trusts, looking at the whole family situation. Also no face to face contact, or a specific regular contact.
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True Potential did more poorly in 2017, but I know this could be the case with all investments. SJP seem to say they hope to achieve around 7% on my medium risk fund, and True Potential about 5%, although I am aware there are never any guarantees. I added up the figures and found that despite the horrendous 4% fee SJP charge, they would still ...
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It appears that most of the % growth in True Potential Portfolios happened before most of the total investment. It may well be that a good proportion of clients are seeing no overall gain, after fees. Something for potential clients to consider when looking at the performance figures and the growth of assets under management.
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A one off transfer advice fee probably capped at £5000. Using their balanced portfolio would be ongoing costs of 0.81% per annum. Platform costs of 0.4% per annum. On going advice costs of 0.5% per annum. My pension value is going to be in the region of £1m plus.
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11 January 2021 at 12:18PM. My IFA wants me to move my SIPP from Aviva (bought through IFA) to True Potential. It's apparent that TP will take over management of the SIPP and my IFA will be paid an introducers fee - apparently this a one year arrangement - for the duration he won't be paid by me. After 12 months, I can either keep using TPWM or ...
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Pension transfer to True potential. Looking for opinions regarding transferring a previous works pension (drawdown) and a substantial amount which is currently in Royal London portfolio1 to True Potential Cautious portfolio. My IFA has suggested doing this as an option as I am nearing to retiring or to drop down into portfolio 3 with Royal London.
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