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The Guardian'Worrying trend' as older people cash in pension pots to pay off rising debtsThe GuardianMortgage debt is the most common form, with more than one in three still paying off their home loan; 14% of retirees hold credit or store card debt, and 6% have unsecured loans. Charities are concerned pensioners will be worst ... Pension freedom ...
Reuters UKDespite raids, Macau pawn shops still help flout currency rulesReuters UKThe transaction, which took less than 10 minutes, shows the ease with which Chinese gamblers in Macau, which generates more than five times the gambling revenue of Las Vegas, can use credit cards to skirt China's currency restrictions, which limit ...and more »
Despite raids, Macau pawn shops still help flout currency rulesDaily MailThe transaction, which took less than 10 minutes, shows the ease with which Chinese gamblers in Macau, which generates more than five times the gambling revenue of Las Vegas, can use credit cards to skirt China's currency restrictions, which limit ...and more »
This is MoneyTONY HETHERINGTON: Between the Rock and a hard place in binary fiascoThis is MoneyIf you lose, you lose 100 per cent of your money. Over the ... K.G. writes: I decided to take my tax-free lump sum of £7,103 from my pension, after being given figures by pension company NPI and annuity adviser Just Retirement. Imagine my ... If you ...
The Times'I cashed in final salary pension for £272000. Can I turn it into £1m?'The Times... £90,000 at age 65 and a £12,500 annual pension, for a money lump sum of £272,000. Mr Beglarian and his spouse Liz, each 57, now personal a small property and lettings company. ... The cash, held in a Scottish Widows retirement account, is invested ...
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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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