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?
Posts tagged with "fsa"
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…
We’ve heard from lots of you who’ve been given the hard sell when it comes to ID theft insurance – a product that we think is ultimately a waste of money. Isn’t it time insurance companies stopped the scaremongering?
If you’ve ever been stuck at home watching daytime TV, you’ve probably seen an ad for sale-and-rent-back schemes. They may seem like a good way out of a financial hole, but our research suggests otherwise…
It’s now more common for Britain’s banks to be hit with big fines for mis-selling, but this only serves to embarrass them. Is banning banks from selling investment products altogether the necessary next step?
When banks are fined are the proceeds used to benefit consumers or spur banks to change their behaviour? No – the money goes back into the financial services industry, reducing the fee the banks pay the next year.
Heard of the RU64 rule? Probably not, but it plays an important part in simplifying people’s pensions, so good news it’s staying. But could other complicated financial products benefit from the same treatment?
Do you stash cash at home rather than in the bank? If so, not only are you missing out on making some return on your savings, you’re also losing the protection your money would have if you kept it in the bank.
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.