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In this video I look at what your options are when things go badly wrong, when the advice you receive turns out to be bad advice, or if a company you have invested with goes bust and you lose some or all of your money. Specifically, I look at the Financial Ombudsman Scheme (FOS) and the Financial Services Compensation Scheme (FSCS).
The PEER Group stands for Professional Excellence in Equity Release and is an initiative of the Personal Finance Society, the largest representative body for financial advisers in the UK. Among other things it provides a checklist of things your adviser should cover with you when discussing Equity Release.
It’s essential that you take advice when contemplating Equity Release. Obviously, I would say that, being an adviser myself, but it’s true anyway! Here are the things you can expect from both the legal and financial sides of the equity release advice process.
In case you didn’t get the message yet, Equity Release is a big deal; a serious decision with major consequences. Here, I explain the four biggest things you need to think about when considering equity release.
Last up in my mini-series on working with an adviser: you should know that there are sweeping changes happening in the financial advice market, to be completed on 1st January 2013. This set of legislation is called the Retail Distribution review, and here, I explain what it means for your adviser, and consequently, for you.
You need to be prepared when you enter the office of someone you think might be able to help you with your financial planning. Here are five questions to have ready – make sure you get satisfactory answers from your prospective adviser!
