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You can work here but you can't live here – the vital workers blocked from ever affording homesMirror.co.uk... home to buy outright falls to around 1%. This leaves key workers (who make up an estimated 23% of the UK workforce) with little option other than to move towards the north of the country, or to look at options such as Shared Ownership – or to stay ...
Money MarketingAlan Hughes: What's your duty of care on past advice?Money MarketingThe key facts of the case were as follows. In 2000 the client, Mr Denning, sought advice from Firm 1 on transferring from a defined benefits scheme into a personal pension. It recommended the transfer. Over the course of the next six years or so, the ...
AOL Money UKLoans given to London home movers drop to lowest level since 1991AOL Money UKThe number of home owners in London who borrowed money to move house fell to its lowest levels in 25 years in 2016, according to figures from banks and building societies. ... "By contrast, re-mortgage activity appears to be experiencing a resurgence.FTBs borrow record amount in 2016Today's Conveyancerall 8 news articles »
Hull Daily MailHull women losing thousands in retirement age shake-up protest in London Waspi marchHull Daily MailA coachload of Hull women took to the streets of London to protest against being shortchanged by as much as £40,000 on their pensions due to retirement age changes. The ensemble ... If 10,000 of us have lost £40,000, that is a whole lot of money taken ...and more »
International AdviserUK advice body touts gov't financial health check vouchersInternational Adviser“A government voucher scheme would give many who have never thought of professional advice a first-hand experience of its value and would demonstrate a real commitment by the new guidance body to collaborate with the personal finance profession to ...Personal Finance Society pushes vouchers for adviceFT AdviserPFS proposes voucher system for free sessions with advisersMoney Marketingall 6 news articles »
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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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