AB
Andrew Butler
2 days ago
I have been provided with excellent service and advise from MM2U since first dealing with Colin Phillips in 2012.
I had an old style PPP & AVC plan based on endowment plans with high charges and low growth. In fact I’d had several warnings that the fees were eating away the value of any investment growth, so I knew I had to do something about it.
Luckily for me, when I was working in a contract role a few months after my role at EEDA had finished, I had a call from Colin Phillips asking if any of our employees were on old style pension plans with high fees. I wasn’t sure of other employees as was not authorised to talk on their behalf, However, I informed Colin that I was indeed in such a scheme which required attention. I duly arranged a meeting with Colin, which is very unlike me, as I’m extremely cautious when receiving advise over the phone.
Colin arranged a meeting and carried out a full review of my situation before recommending action. In the meantime I done my own due diligence checks to see that Colin was indeed a fully qualified IFA. At the time both plans together were worth circa £15k & I was aware to move them was going to cost me. However the cost of inaction would be even greater.
After a thorough review, Colin advised me to move my funds to a Scottish Widows PPP with lifestyling built in and much lower fees. It performed well over the last decade or so and I regularly transferred company pensions and topped it up everytime I moved jobs. Colin subsequently retired a few years ago.
A couple of years ago, I was looking for advise re: retirement planning & approached an established company in Cambridge. However, after reviewing the options and their charges I decided against moving my pension.
At the same time I was contacted by Campbell Young, who had started working at MM2U. He advised me about moving my pension to Royal London to allow flexible access. In addition, as I was already a client, there would be no transfer fee involved & a very reasonably fee for ongoing management & review.
Since my first investment with Colin, my PPP has grown from £15k to over £220k, so I’m more than happy with the few £ hundred it cost me upfront.
Campbell has provided excellent service & is very swift to get back with advise to questions, even outside of my annual review. He provided a great personal service which is not possible by larger corporate IFA’s. It is clear he doesn’t just have a stock answer of FAQ’s
to ping off at short notice.
All in all I am very happy with the service provided by Campbell Young & MM2U. It is clear they have added value beyond the cost of any advise.
Andrew
Hardwick, Cambridge