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Express.co.ukHow to guard against the next financial meltdownExpress.co.ukThat is because more are shunning annuities, which pay a set income for life, and leaving their pots invested via income drawdown instead. Andrew Tully, pensions technical director at Canada Life, warned that these retirement savings values could ...
Telegraph.co.ukPPI compensation has turned portions of Britain into fraudsters, says bank bossTelegraph.co.ukAs many as 64 million PPI policies have been sold in the UK, some stretching as far back as the 1970s. FAQ | How to claim for PPI for free. Policies were added on to products such as personal and business loans, credit cards, store cards, mortgages, ...and more »
The TimesLondoners cash in for a very big house in the countryThe TimesThe highest proportions of cash purchases last year were in popular holiday destinations such as the southwest of England, where they accounted for 39% of transactions. ... The number of equity release mortgages taken out has soared in recent years.
The TimesLenders defy Bank with cheaper mortgages (as savers' pain goes on)The TimesBanks are cutting the cost of their best mortgage deals — despite the Bank of England having raised rates last month. Barclays, HSBC, Halifax, TSB and Coventry building society are among the big names to have reduced the cost of fixed-rate mortgages.
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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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