Personal finances

Why financial advice?

As most of the main stream media are full of tales of bad advice and poor advisers, I was pleasantly surprised to see a positive piece on the Telegraph Money web page last week, (see here: http://www.telegraph.co.uk/money/special-reports/learnt-met-financial-adviser-first-time/). Although the writer is a newly freelance journalist, concentrating on financial matters, she makes it clear that she has no specialist knowledge in the personal financial field and was surprised at the priorities of her new financial adviser. She was expecting a conversation about pensions and the adviser was asking questions about disablement and death!

Why we bang on about an Emergency Fund

Why we bang on about an Emergency Fund

One of the basic building blocks for a realistic personal financial plan is an “Emergency Fund”; six to twelve months of take-home pay, held outside of your current account but accessible in real need. Typically for our clients, this would be an instant access cash ISA, money in a Credit Union or money on deposit in a bank.

Messages for the press

Messages for the press

One of the things that raise my hackles is being stereotyped as a crook. A comment piece in The Telegraph by Richard Evans, "Don't trust your financial adviser the way your trust your doctor", is one of those times as “financial advisers” are described as

“utterly unscrupulous purveyors of financial snake oil”.

Such people do exist and I have done my bit as a compliance officer and reporter of scams to the authorities to get them away from the public, but both Mr. Evans and the general public need to understand where the lines of regulation lie and the limits of consumer protection.