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Scottish households see biggest rise in wealth in UKScotsmanTom McPhail, head of pensions research at Hargreaves Lansdown Pensions, said that public sector guaranteed final salary pensions could be a factor influencing the increase in Scotland's personal wealth. He said: “If you look at the demographics ...and more »
BBC NewsDebt woes 'weigh heavily' on young people, survey findsBBC NewsMore than a third of young people have debts of almost £3,000 and experience significant concerns about money. A survey of 2,042 people aged 18 to 24 conducted for the Money Advice Trust by YouGov found that they borrowed using credit cards, ...and more »
Mirror.co.uk'Property a better bet than pensions', says Bank of England chief economistNew Zealand HeraldAs money paid into pensions attracts UK tax relief at 20 per cent for basic rate taxpayers, and 40 per cent for higher rate taxpayers, they are normally seen as the best way to save for a retirement income. But as the rates available for savers turning ...Bank of England boss Andy Haldane says you're better off putting money into PROPERTYDaily Mailall 25 news articles »
Telegraph.co.ukIndividual lenders hold the key to solving housing crisis, says Legal & GeneralTelegraph.co.ukIndividual investors could help ease Britain's housing crisis via innovative investment structures, according to insurer Legal & General, as it eyes further inroads into the property market. The insurance giant sees potential for a marketplace ... It ...
Theresa May urged to reshape welfare with 'social insurance'The GuardianGodfrey told a campaigning group, the Financial Inclusion Commission, last year that the systems used to deliver auto-enrolment, the scheme that ensures all low-income workers have a pension, could also be used to help the public insure themselves ...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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