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The SunBorrowing cash for food and sleepless nights, how TSB customers are STILL suffering four weeks after banking meltdownThe SunSusie, who didn't want to use her real name, told The Sun: "All my money is gone and the customer services person told me to borrow money from friends or use my husband's credit card. "It's so embarrassing. We've had to borrow money from a friend to ...
Refinery29Money Diary: A Digital Editor In Bath On 71.5kRefinery29Welcome to Money Diaries, where we're tackling what might be the last taboo facing modern working women: money. We're asking a ... a credit card. I don't really like using credit cards, but I got one last year to help with credit rating for when we buy ...
Telegraph.co.ukCan I use equity release to pay for care?Telegraph.co.ukMore commonly known as a lifetime mortgage, equity release allows borrowers to draw money from their home. The amount is usually capped at about 50pc of the property's value and there are usually no monthly repayments, with the interest rolling up at a ...
BBC NewsBarclays and Standard Chartered tie-up: Just a fairytale?BBC NewsThe marriage of Barclays and Standard Chartered is in many ways a tantalising prospect. Take the new transatlantic Barclays, with a big US and European investment banking business, and a very profitable UK retail and credit card business, and bolt it ...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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