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BoE says more defences may be needed against consumer creditLondon South East (registration) (blog)Alex Brazier, the BoE's executive director for financial stability, said that while lending overall has grown in line with the British economy, outstanding car loans, credit card balances and personal loans have risen by 10 percent, far outpacing rises ...and more »
Financial TimesFour reasons why UK equity release mortgages will boomFinancial TimesIn May, the World Economic Forum warned that the UK had one of the biggest pension gaps in the world. It estimated the gap — defined as the shortfall in money needed for a retiree to keep their income at 70 per cent of pre-retirement levels — at ...
The SunOlly Murrs fans left out of pocket after promoter goes bust and gigs are cancelledThe SunThe rule gives you the right to ask your credit card lender to refund you the money if the items don't show up or aren't as advertised. Those who paid by debit card ... for The Sun Online Money team? Email us at money@the-sun.co.uk or call 0207 78 ...Olly Murs confirms fans who were left out of pocket by his cancelled concert CAN get a refundMirror.co.ukall 15 news articles »
Motley Fool UKTen years of epic wealth destructionMotley Fool UKFor a brief time, a whole new vocabulary existed. “Rate tarts”, for instance, who jumped from account to account, chasing ever-higher returns. And “stoozers”, who borrowed money on credit card providers' low introductory rates – and then banked it ...and more »
The SunIs your mortgage a 'ticking time bomb?' Millions of households ...The SunOne in 10 people have no strategy in place to pay off the loan when their deal expires. They face having to sell their home or have it repossessed if funding is not ...'Time bomb' alert for 1.9m on interest-only home loans | Daily Mail ...Daily Mailall 4 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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