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Alison-Madueke: British Authorities Extend Dragnet to Persons of InterestTHISDAY LiveAs the British authorities continue their investigation into the activities of the former Minister of Petroleum Resource Mrs. Diezani Alison-Madueke, who was arrested in London and released on bail last Friday on allegations of bribery, corruption and ...and more »
Wednesday Papers: Tech companies thrown by data Times: Technology companies in the US were left scrambling to overhaul their transatlantic operations after an EU court scrapped a deal that allowed them to ship personal information wholesale to the US. The Daily Telegraph: Britain is among ...
Building societies: 'We're not driven by shareholders' interests'The Independent“Of course lending is at the core of their existence but most of the building society sector hasn't needed to raise supplementary capital to return to the mortgage market,” Mr Fieth says. “They felt strong enough coming out of the crisis to be able to ... risk: how can expats safeguard their hard-earned money? can even set up direct debits to make regular transfers which is useful if you have money going into an account each month, such as a pension, that you then want to move abroad. Best of all is that the fees you typically pay these currency brokers ...and more » full control of your point is that, if you are worried about your retirement finances, you are not alone. When it comes to planning, Mark Butterworth, head of technical services at SFS, states that the size of your pension will be a huge factor: “Most of us have been ...and more »
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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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