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Troubleshooter: 'After 53 years, Lloyds rejects me'The TimesI recently received a letter from Lloyds Bank informing me that my Lloyds Duo Avios credit card will be cancelled from the end of September. I was told that this ... I have a good income, money in the bank and recently had no difficulty being offered a ...
The TimesTake a mortgage transfer to avoid the home-loan hassleThe TimesThese mortgages are available only to homeowners looking to borrow the same amount of money, because they avoid the need to reassess affordability. Typically a lender will write to a customer between three and six months before the end of their fixed ...
The TimesBeat Brexit with a French mortgageThe TimesWe are being particularly tempted by low French mortgage rates brought about by the European Central Bank's €2.5 trillion stimulus, which has left banks awash with cash. ... “In the UK we climb the ladder more often, perhaps every two, three or five years.
This is MoneyDAILY BRIEFING: Eurozone's manufacturing growth hits two-year lowThis is MoneyTainted US bank Wells Fargo is axing up to 26,000 jobs in a bid to save cash as customers go online. Mortgage war. British insurer Rothesay Life is said to be the front runner in a bidding war for £900million of state-owned mortgages. More vacancies.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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