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Finding the right financial adviser can be hard, who can you trust? Should they work on commission or fees? How do you know they will give you the right advice?
It really isn’t easy, which is possibly why many people are put off receiving financial advice in the first place. A recent report by Aviva showed that 75% of 18 – 25 year olds would ask for financial advice from friends and family before consulting a financial adviser. Furthermore only 28% of people over the age of 65 would ...
Finding the right financial adviser can be hard, who can you trust? Should they work on commission or fees? How do you know they will give you the right advice?
It really isn’t easy, which is possibly why many people are put off receiving financial advice in the first place. A recent report by Aviva showed that 75% of 18 – 25 year olds would ask for financial advice from friends and family before consulting a financial adviser. Furthermore only 28% of people over the age of 65 would ...
June 30th, 2011
Pensions are a hot topic at the moment, as we write a number of unions are threatening strike action and bodies as varied as the Office for National Statistics (ONS) and Scottish Widows have produced surveys showing how the membership of private pensions is dwindling.
Despite these reports and the general apathy towards pensions, they form a central part of many people’s retirement plans. We thought we would take a look at some of the pension pitfalls to avoid when planning for your retirement.
1. Do you really need a SIPP?
Many ...
June 29th, 2011
We are getting more and more enquiries about which deposit accounts can be held in a SIPP (Self Invested Personal Pension).
There seems to be a good deal of confusion about the topic so we thought we would take another look and see if we can help you steer a path through the complex world of SIPPs and deposit accounts.
The basics
Let’s start with some simple stuff.
A SIPP is a form of Personal Pension which has wider investment powers. For example it can invest directly into shares or ...
June 28th, 2011
A study by Aviva shows that when seeking financial advice family and friends are often the first stop people make and not Independent Financial Advisers (IFAs)
Aviva have commissioned a study into the value of financial advice, the results will make interesting reading for consumers and financial professionals alike.
Friends and Family
The study shows that almost 75% of 18 to 25 year olds would turn to family and friends for financial advice before consulting a professional adviser. The figures are very different for older generations, with only 25% of those ...
June 28th, 2011
