Author Archive

Our financial adviser cost us our life savings

Author: | Categories: Blogging No comments
One couple lost their £350,000 nest egg due to bad advice — and the firm involved has yet to refund them David and Sheila Solomon were looking forward to a comfortable retirement, having saved into pensions for more than two decades and paid a financial adviser to help them

What price personal financial advice?

Many investors spend millions to pay for the services of financial advice companies, while they can get the same services online for cheaper price. One of the financial advisers working independently for Intrinsic (the largest financial advice network in Britain) wants to leave the company. The main reasons are

Ten facts to help you get the best mortgage

Author: | Categories: Blogging No comments
No matter whether it will be our first mortgage or you are remortgaging, some knowledge is necessary to have a successful deal. Here we present some facts about the world of prices and mortgages of nowadays. 1. Halifax says the average costs for a home in the UK is

Average deposit rises to £71,301

Author: | Categories: Blogging No comments
According to the Mortgage Advice Bureau report, nine of eleven regions are experiencing rise in deposits needed to buy a home. The average rise is 0.9% and the number is now £71,301. The largest rise is seen in East Anglia – the increase there is 11.6% from £46,504 to

Payday loan complaints rocket as customers borrow by the dozen

Author: | Categories: Blogging No comments
The number of complaints from desperate clients of payday lenders has risen dramatically lately. The Financial Ombudsman Service reports the largest increase of complaints in the loans sector from the beginning of the year to March. The complaints on different payday loan firms increased to over 3,200, which is

Bank overdrafts cost 12 times more than payday loans

Author: | Categories: Blogging No comments
Some bank clients have to pay 12 times more for their overdrafts that if they used payday lender services. Clients who have overdrafts by even £100 need to pay much more than the payday lenders are allowed to charge for the same sum of money. The Financial Conduct Authority

Finally, a fair deal for energy switchers

Author: | Categories: Blogging No comments
The energy regulator Ofgem reports they are preparing to get rid of their disputed method of savings calculating. Such a decision was made under the pressure of Times Money that was running an anti “personal projection” calculation campaign to end up artificial saving inflation. The savings were increased by

Why the under-40s should get ready for a lifetime of saving

Author: | Categories: Blogging No comments
If you’re still younger than 40, you have an amazing possibility to provide your future self with free money for years. But to do that, you need to cut your expenses a bit and take up saving money. The Lifetime Isa (Lisa) programme from George Osborne’s budget will provide

Don’t become a victim

Author: | Categories: Blogging No comments
According to the Sunday Times, there’s a great worry for the couples who open their joint accounts and have all their money there. You always need to have your won bank account that should be main for you. Get your salary there, giving a certain sum of money for

Your five-minute guide to … Offshore accounts

Author: | Categories: Blogging No comments
The Panama papers became famous and started a whole storm of disputes about offshores. Still, it’s considered useful to have an account outside the country you live in, and the matter isn’t only in hiding your money from taxes. Offshore account will serve you well if you plan to