The material on this website is for information only
and is not intended as any recommendation or endorsement of any products or companies mentioned. We are not licensed by the FSA to give financial advice, and none of the material on this website constitutes or is intended to constitute financial ...
News
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news
Telegraph.co.ukFrom travel insurance to mortgages: why getting older means getting a worse dealTelegraph.co.ukThe financial well-being of the elderly and vulnerable is being harmed by bank branch closures, the pricing of travel insurance policies and insensitive staff at many organisations, MPs have been told. In the worst cases, customers may be denied access ...
Yahoo Finance UK3 reasons why I believe Lloyds is the perfect share for your ISAYahoo Finance UKOn the other hand, interest income from mortgages is hugely predictable and lasts for decades. ... If there is no significant impact on the UK economy after Brexit, and business carries on, as usual, Lloyds has plenty of money available to return to ...and more »
The GuardianGift cards for Christmas: it's time to kick the habitThe Guardian... gift card habit and give something else this year – because it's a Santa certainty that some people who ignore this advice will end up throwing away their cash. Gift cards and voucher sales are worth £6bn a year in the UK, but have long been a poor ...
The GuardianKlarna: The £1bn High Street giant you might not knowBBC NewsYou may never have heard of Klarna. But after doing deals with the like of Asos, JD Sports and Topshop in the last 12 months, it's up there with the biggest names in the High Street. Last month it was reported that fashion retailer H&M spent $20m (£15 ...Klarna: 'buy now, pay later' system that is seducing millennialsThe Guardianall 3 news articles »
Have you met...
Latest Members:


farhafawwaz


situs2poker


bin diesel


michealjordan


Air jordon


Dorothy3


antivirus897

 

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. 

Advertise with us  |  Privacy  |  Terms & Copyright                                                                                     Website maintained by USP Networks