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City A.M.Brexit one year on: how your finances have changedCity A.M.Features writer at City A.M. covering personal finance and trading. Reach me at [..] Show ... Many UK pension funds have been supercharged by the fall in sterling because a large portion of the investments are allocated to overseas assets. Jason ...
BBC NewsNewspaper headlines: 'May's top team splits over Brexit'BBC NewsImage caption On the same story, the i says tensions were laid bare as senior ministers squared up in public over competing plans for the UK's future, the Brexit secretary was contradicted by Downing Street, and the chancellor warned the prime minister ...and more »
This is MoneyShould you join the rush to cash in your final salary pension? Experts warn it could be a huge mistakeThis is MoneyCashing in a final salary scheme means transferring a chunk of money out of your company plan and into a personal pension plan. Once you've ... In total, Britain's 5,794 remaining final salary pension schemes face a £232 billion black hole in funding ...
AOL UKReport warns young pension savers heading for cash shortfallAOL UKMore than a third (37%) of those aged 22 to 29 years old said student loans were eating into their monthly pay cheques, while 21% had unpaid credit card bills. Scottish Widows suggested that pensions should reflect the digital age to encourage younger ...and more »
This is MoneyNow donate money at church using a contactless debit card: CofE installing readers in 40 churchesThis is MoneyChurchgoers will soon be able to donate money with a contactless debit or credit card. The Church of England is installing contactless card readers in 40 churches from August, in a trial aimed at modernising the way it collects money. It hopes making ...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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