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Daily MailSugar babies who get rich older men to fund their extravagant student lifestylesDaily MailBut these undergrads aren't turning to loan sharks or spiralling into thousands of pounds worth of credit card debit. Instead, they have turned to the world's largest online dating website that .... 'I don't want loads of awkward encounters, despite ...
BloombergAs Deutsche Bank Chief Turns to Legal Woes, Here's What He FacesBloombergIn a more recent development, the bank is being investigated by U.S. and U.K. authorities over whether its internal controls failed to catch some $10 billion in transactions that may have moved money out of Russia, people familiar with the matter have ...and more »
The Market OracleHow to Save Money by Using a Money Transfer Credit cardThe Market OracleResearch from Moneyfacts.co.uk reveals that borrowers could save over £70 a year in overdraft fees by using a money transfer card: a borrower needing £500 would pay only £8.45 with a card charging a one-off fee of 1.69% (the lowest currently available) ...Save over £70 a year using a money transfer cardmoneyfacts.co.ukall 2 news articles »
10 investment mistakes to avoid this ISA seasonInteractive InvestorThe golden rule for any investor - new and experienced - is always to take advantage of your annual tax wrappers, such as the ISA and pension allowance. Investing is about getting ... Investors are driven by human behaviour and often sell only after ...and more »
BloombergBehind China's $720 Million Bet on British Tech StartupsBloombergZai said Cocoon was targeting the U.K. in part because startup valuations were more attractive than in China, where there is too much money chasing every good idea, or Silicon Valley, which has already seen an influx of Chinese investment in recent ...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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