I retired in 2020 and had a Defined Contribution (DC) and Defined Benefit (DB) private pension. I needed expert independent financial advice to invest my DC pension. When I initially contacted independent financial advisers in the City, they wanted 3% of my DC to undertake my case. After considerable time searching, I came across Bancroft Flat fee, who charge £500 flat fee for expert advice for the entire process from star to finish, saving me £24,500. Bancroft provided a pension expert Keir Ashman who had in-depth knowledge on pensions and also HMRC rules and regulations. We discussed my options and I was able to make informed choices, resulting in saving £60k in taxes and investing in a pension drawdown that met my needs. Kier also gave advice around my DB pension and I felt he supported me throughout this very complex process with steady reassurance.
Bancroft maximises the use of remote working, including the use of telephone, email and a personal financial platform for handling the entire process. They were very efficient handling my calls and emails, I felt they were right there next to me. I highly recommend Bancroft Flat Fee for truly independent financial advice on personal pensions, whilst charging a flat fee, no matter the size of your pension pot. I saved in total £84,500 which has been invested in my pension drawdown. Pensions are a very intricate and difficult process which we only ever face once in a lifetime, so I highly recommend gaining independent financial advice.
I needed help nearing retirement as with a number of pension pots and saving my situation was clearly complex and I had shied away from seeking advice after a bad experience many years ago. The initial IFA I contacted was thorough, but provided advice with strings in terms of tied investments which didn’t seem to perform that well and with ongoing annual charges based on my savings seemed to be very expensive. A chance viewing of an advert when thinking about this for Bancroft led me to contact them and since then have been very pleased with their support. Keir has been my contact and has helped me compile a detailed plan of my outgoings as well as understanding and planning options and investments for my pensions and savings. This wasn’t straight forward and he has been very diligent and patient and the end result is that I feel very confident my circumstances have been modeled and the plan clearly should meet my needs based on the fact that I am quite risk-averse! To be honest given the fixed fee relative to the alternates I can’t see why anyone wouldn’t try out Bancroft if they needed IFA support – working through zoom is something we are all used to and Keir has always been there for regular calls and email support even though it is a fixed fee work.
I contacted Bancroft Wealth after seeing a piece in The Times about an IFA offering a fixed price service. This appealed to me as my existing IFA charged on a percentage of assets invested basis. I did some research and one of the issues of concern was whether a fixed price provider could offer the same level of service as more traditional providers. I understood that the model was based on telephone or web based communications rather than face to face meetings.
I decided to go with Bancroft and have been impressed with my experience. After providing information via a portal I had a number of detailed telephone conversations with my adviser Keir Ashman and these were followed up by a letter of advice and recommendations.
My experience has been very positive. Keir has spent the time getting to know my circumstances and objectives and I feel that the offering from Bancroft represents real value for money.
I was looking for the best way to invest multiple pension pots. Keir talked me through all my options and the best way to improve my tax situation. He consolidated all my pensions in one investment, all this saving me money with their fixed fee, my experience with Keir and Bancroft has been excellent and would recommend them.
I’ve saved thousands with Bancroft, and I’ve had no issues with the service yet. My adviser Keir is very knowledgeable about tax and IHT. It did take a while to onboard me but I think that was partly due to my pension providers being slow during the crisis.
On receiving an enquiry we will arrange a preliminary discussion over the phone at a time to suit you. The purpose of this initial discussion is to try to establish whether we are able to assist with your needs and objectives. There is no charge for this preliminary discussion and no obligation on either side.
On receiving an enquiry we will arrange a preliminary discussion over the phone at a time to suit you. The purpose of this initial discussion is to try to establish whether we are able to assist with your needs and objectives. There is no charge for this preliminary discussion and no obligation on either side.
