![]() Instead, they charge a fee for the advice they give but there might be different options for how you pay the fee.Īdvisers who provide advice on the products listed above might also provide advice on protection insurance (such as life insurance) and sometimes mortgages. pensions and retirement income productsĪdvisers may also have a specific qualification to advise on pension transfers as well.Īdvisers recommending these types of products must carry higher levels of qualifications and can’t receive commission from the products they sell.Any properly qualified adviser will show you their certificates if you ask them to. This gives you the chance to get a sense of whether you're comfortable with them and how they work. Most advisers will offer you a free initial meeting. They might also have specific qualifications covering the areas they specialise in, such as long-term care, equity release and pension transfers. ![]() Most will have achieved benchmarks above that, such as the Chartered Financial Planner or the Certified Financial Planner qualifications. There are minimum qualifications that all regulated financial advisers need to have achieved. Check the register or contact the FCA Opens in a new window you can phone on 08 (freephone). This means there are rules they must follow when dealing with you. You can check if the adviser is on the Financial Services Register Opens in a new windo which lists the firms and individuals regulated by the FCA. Whatever they might be called, what all financial advisers in the UK do have in common is that they’re regulated by the Financial Conduct Authority (FCA). Sometimes, they are known as ‘brokers’ – often when dealing with products such as: Instead, they’re sometimes named by their specialism, such as ‘mortgage adviser’, ‘investment adviser’, ‘pension adviser’ or ‘financial planner’. Society of Later Life Advisers (SOLLA) a not-for-profit society that can help if you’re in later life and are looking for an adviser with Later Life Adviser accreditationįinancial advisers aren’t always called ‘financial advisers’.Vouchedfor for reviewed and vetted financial, legal and accounting advice.Unbiased a free service to match you to a fully regulated financial adviser, mortgage broker or accountant.The Personal Finance Society Opens in a new window – this tool from the financial planning professional body can help you find a local qualified adviser (it includes advisers who cover more than retirement options so mortgages, investments and other financial planning).our Retirement adviser directory Opens in a new window which helps you find an adviser who may be able to help you make decisions about your retirement and other financial planning issues (eg investments, care options and equity release).There are services that can help you search for a financial adviser based on where you are and what you’re looking for help with. So if you’re a member of one of these groups, check with them first. Some unions or affinity groups and workplace pension schemes have selected advisers to recommend to their membership. But even if you get on well with an adviser it’s hard to judge in the short term how good a job they’ve done Personal recommendation from friends or family is one way to find a financial adviser.
0 Comments
Leave a Reply. |