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A guide to how consumers will soon be charged for independent financial advice has been published by the Financial Services Authority (FSA). Under the changes , from the start of 2013, financial advisers will have to agree a fee with their clients.
Let's Talk Investing Let's Talk Investing Finances Why all the musical chairs? The financial advice business operates predominantly on a commission basis. That means that most people who brand themselves as financial advisers are salespeople...
Out in the financial community, however, moms and money are a big topic. There's been a lot of buzz and research into how women handle their personal finances. According to several recent studies, women are very optimistic about the country's
Thankfully the legislation passed with few amendments despite massive lobbying by the financial advice and product industries...If this had been a proper exam, the financial planning industry would have failed miserably. This exercise differed from
We're talking about expert advice that keeps a roof over your head and the wolf from the door; prevents the taxman from taking more than you need to give and ensures your hard-earned money is wisely used. Association of British Insurers (ABI), and
The Financial Advisers Act (FAA), which comes into effect on July 1, will require advisers to fully disclose, among other things, whether they will benefit from the sale of a financial product they are giving advice on. All entities that provide
Saturday Nov 13, 2010 It is a stressful time for financial advisers and stockbrokers, and not just because financial markets can't decide whether we are heading for inflation or deflation. An estimated 5000 advisers have to sit the Standard Set B
David Radovan repeatedly gave financial advice with no reasonable basis. The Donnybrook man, in WA's south-east, also did not take into account the personal circumstances of clients when recommending financial products for them to invest...Mr Radovan
David Ning 17 mins ago Many of us have a hard time getting over the fees that financial planners charge. Between sleazy sales tactics and the unlikely scenario of beating the market, it's an uphill battle to convince yourself that a wealth manager
From next year, virtually anybody who provides financial and investment advice will have to go back to school. Along with new regulations governing disclosure and accountability, financial advisers must meet minimum competency levels, so that