The sceptic in me says they just want to earn a juicy commission by getting me to switch, but I’ve done a bit of searching and stumbled across an article at http://www.thisismoney.com (http://www.thisismoney.co.uk/retirement/article.html?in_article_id=430559&in_page_id=6) that lists some of the big name funds that are underperforming, and would you believe it, Barclays Life are one of them!
This article lists both Barclays Managed and Equity funds as underperformers and my pension is split between both of these. I also note there are no Scottish Equitable funds listed. So maybe there is something in this after all. The IFA reckons I can get better performance simply because SE’s charges are lower and there’s a greater choice of funds.
So something to think about. I just need to work out the IFA’s commission charges to see if they are reasonable before I decide to switch. I’ve got quite a large fund now so even a small percentage can add up to thousands of pounds.