Read what the team at FE consider to be significant over the current week.
(This will open a new window and download a PDF to your browser).
A potential client has contacted one of our advisers asking about our costs as they have been quoted 3% initial cost and 1% ongoing costs elsewhere. In their circumstances, this means paying out more than £16,000 for advice costs in the first year. The potential client knows our adviser personally and has a background in banking, so a rival firm quoting a percentage rather than cold, hard cash does little to conceal the ludicrousness of paying £16,000 for less than 20 hours actual work!
The Daily Mail website carried an article about an investment scheme offering a potential 40% return on burial plots, which rapidly becomes a cautionary tale about unregulated investments and the strong likelihood of losing your capital. (See the original article here; http://www.dailymail.co.uk/money/investing/article-3822179/The-salesmen-offering-40-returns-burial-plots-banks-slash-rates-savers-tempted-exotic-deals-trusted.html