No I don’t mean physically… Just sort out exactly what services you are getting and what it is costing you. I am not without sympathy for regulated financial advisers. Regulatory and compliance costs are huge and compliance makes it very difficult to treat each client as an individual. Far too many advisers hide behind “risk profiling” […]
Firstly a big thank you to all my regular blog readers for their support during 2016. When I first started writing this blog a couple of years ago I wondered whether I was just talking to myself but all the evidence now is that my readers are getting enough value to make it all worthwhile. I am becoming […]
Are you aged between 50 and 75 and taking dividends from your company? If so this 3 minute video could save you a fortune in tax! The blog posts listed below make good reading, and don’t forget to sign up for blog updates and share this with anyone you think may be interested.
Many of my friends are Financial Advisers and are providing an excellent service to their clients at a reasonable cost. But only this week I was asked to look at a half yearly statement (often issued in May and Oct) for a family friend and what I found really scared me. Nothing complicated. Just a Pension Plan […]
The Conservative Party have now joined the other major parties in announcing plans to curb pension tax relief for higher rate tax payers. Time is limited. If the last general election is anything to go by we can expect an emergency budget before the end of June when the proposals could become law. You could […]
A recent report from John Devlin, director at Nottingham University Business School, suggested that many of us are confident in our own abilities and don’t think we need to pay fees to Financial Advisers. He reported;- “Our study involved a YouGov survey of more than 2,000 consumers who were quizzed about how they perceived their […]
The majority of firms offering financial advice are not being clear about the fees they charge, according to the City Regulator’s latest crackdown on the industry.
New rules from the Financial Conduct Authority are changing how investment services firms apply their charges. In the past the fund manager applied a fund management charge of, typically, 1.5% pa and then rebated part of that, say 0.5%, to the introducer to pay for their services so the client did not receive a separate […]
I have recently been asked, quite rightly, why, after more than 20 years as a sought after and successful Financial Adviser, I am now suggesting that perhaps 75% of us no longer need the services of a Financial Adviser. Doesn’t seem right does it?