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UK state pension is the least generous amongst advanced economiesInteractive InvestorA study by the Organisation for Economic Co-operation and Development (OECD), which compared global pension systems, found that the average UK pensioner receives 29% of their working income in retirement from mandatory pension schemes. ... The content ...
Curve 'all-in-one' debit card to offer fee-free spending abroad, but how does it stack up?MoneySavingExpertThe changes announced today mean even if you link a bog-standard debit or credit card to your Curve card, you'll be able to avoid the typical 3% 'load' normally charged on overseas transactions and won't be charged for overseas spends or cash ...
The Star'Credit card betting ban would have saved Dad from prison' says Sheffield gambling campaignerThe StarAs well as the new levy and credit card ban, Mr Watson told how a Labour government would prohibit gambling adverts during live sports broadcasts, among other measures. “There are 430,000 problem gamblers in the UK - 25,000 of them are under 16 and ...Why Labour might be right with its call for new gambling regulationsThe Independentall 195 news articles »
Mirror.co.uk8-step plan to keep your student debt under controlMirror.co.ukAs students head off to university this month, their excitement about what lies ahead is probably tempered a little by the thought of how much the next three years or so is going to cost. The average student will leave with around £50,000 of debt ...
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Getting financial advice

It’s time to review your finances and make sure your money is working as hard for you as it possibly can. Somewhere out there are the right financial products for you but unless you have the mind of a forensic detective and understand the complexities of everything from insurance and pensions to hedge funds and derivatives get sound financial advice.

If you don’t already have someone in mind as an adviser one of the best ways to find someone good is to ask family, friends or colleagues for recommendations. You want someone who’s independent so that he or she can give you impartial advice about the whole range of products on offer. If you choose an adviser who isn’t independent they can only advise you on the products they work with. Some advisers specialise; if you want advice on pensions you might want and adviser who is a pensions specialist. Ask about the qualifications of anyone you are thinking of seeing.

The other question you have to ask is about how you pay for the service. You may choose an adviser to whom you pay fees upfront. Fees vary hugely so find out before you book your appointment. Try haggling to get the fees reduced if possible and ask for the first session to be free so that you get the chance to decide whether or not you have a rapport. The other option is an adviser who gets his or her fees through commission which you ultimately pay for because it’s added to the cost of the product you buy. Or you may pay for advice through a combination of the two.

Whoever you choose it’s helpful if you can build a lasting and trusting relationship which will make you both money for years to come. Remember that a financial plan made now needs to be reviewed frequently. What’s right for you in the current climate may not be right once the economy picks up again or if your circumstances change. The degree of risk you’re prepared to take with your savings and investments may be different when you’re single from when you’ve got a partner and children. Getting the right adviser is just the start of the process. 

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