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Sunday Papers: Poundland showdown with key creditorsCitywire.co.ukThe Sunday Times: The scandal-hit parent company of high street discount chain Poundland will this week face key creditors and insurers at a meeting that could determine the future of its British retail operations. The Sunday Telegraph: Britain's ...and more »
The TimesIf you really want to take a punt on bitcoin, here's howThe TimesCustomers can pay by debit and credit card as well as by bank transfer. The minimum deposit for coinfloor.co.uk, which accepts only bank transfers, is £2,500. There have been problems with digital wallet providers. For example, hivewallet.com closed ...and more »
The TimesIan Cowie: Invest in shares or a pension and the money returns to sender — youThe TimesFed up finding Christmas presents for others? How about this for an alternative idea: why not write as big a cheque as you can afford and “post” it to yourself — to arrive in 10, 20 or 30 years' time? That might sound daft but it is also one of the ...
The TimesPlastic's fantastic — as long as you follow these rulesThe TimesMany credit card users never run up a balance nor pay a cent in interest, but enjoy the extra leeway a credit card offer. Most providers will not start charging interest until up to 56 days after a purchase, depending on when in the billing cycle you ...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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