Reforms to the financial advice market come in at the end of next year, and yet there are suggestions to delay by another year. My message to financial advisers? If you can’t meet the deadline, get out of the industry.
As financial trade bodies ask the government to water down the Financial Ombudsman Service, I think its creation has been one of the great successes of financial regulation over the past decade.
The way financial services are regulated is undergoing a radical overhaul. We talked to the Financial Services Authority about its plan for a new consumer-focused regulator (the FCA) and what it means for consumers.
If your bills are mounting and your overdraft’s creaking at the seams, would you turn to your bank for help? My immediate instinct would be to say ‘no way’, but my logical response is ‘yes, of course you should’.
Doctors advise how best to look after our bodies, fitness experts whip us into shape and independent financial advisers ensure our finances are protected and in good health. But does an IFA prescribe the best remedy?
Are your finances fighting fit and raring to go or poorly and a bit under the weather? If you’re unsure what diagnosis to give your money situation, maybe it’s time to have a financial health check…
Super complaints are like buses – you wait ages for one and three come along at once. But as their heroic name suggests, they’re vital. The latest, from Citizens Advice, proves how important its services really are.
Two thirds of us find money matters too confusing to make the right choices, according to a recent poll. Isn’t it time our banks and building societies made things a little easier for us?
Offering brief respite to those seeking free debt advice, the government is providing £27m of debt funding in the next year. It’s not enough, but will hopefully keep the commercial debt management wolves from the door.
Have you ever used a financial adviser to help you out with a money decision? Did you stop to ask about their qualifications? Most of us don’t, and yet a ‘qualified advisor’ may only have an A-level equivalent.
A risk quiz can be a handy way to kick off a conversation about what you might want from your investments. But don’t let it define where you put all your money – you could end up taking on more risk than you thought.
Hundreds of millions of pounds of unsuitable pensions and investments are sold every year, with sellers cashing-in on commission. In my mind, the end of commission-based investment advice can’t come soon enough.