What is a pension anyway and who really cares?

I often hear people moan about pensions being poor investments. They might say something like, “the returns have been so dreadful I would have been better investing in an ISA, buy-to-let property or even sticking cash under the mattress”. This thinking is flawed as it confuses the tax treatment of pensions with the actual investments … Continued

Death of a salesman: coming of age of a Financial Planner

You may already be aware that the current system of financial advice in the UK is about to come to an abrupt end. After midnight on 31st December Financial Advisers, including IFAs, will need to have obtained a much higher level of qualification. The changes are part of the Financial Services Authority (FSA) Retails Distribution … Continued

Team GB’s Olympic Success Predicts Bumper Year for UK Investors

The Olympics are over for another four years. What an amazing spectacle and didn’t Team GB do well? Even a total Bah Humbug like me who expected a national disaster complete with traffic chaos and disappointment in the medal targets couldn’t help but be carried away with the mood and the media coverage. There has … Continued

What makes us different?

Last week I published an article answering the question, “How have you put comprehensive financial planning at the heart of your business and what difference does your financial planning service make to your clients?“. Part two of this short series addresses the second question I was asked to come up with an answer to, also … Continued

Financial Planning or Financial Advice?

There has been an ongoing debate in the financial services industry for many years about whether it is better to deal with an Independent Financial Adviser (IFA) or someone who sells the products of one (or a limited number) of companies (tied/multi-tied advisers). In fact, the Law Society and Institute of Chartered Accountants require their … Continued

Worse than Dick Turpin

In recent years there has been a significant increase in the number of retail investment funds using hedge fund management strategies and, even more worryingly, hedge fund style fee structures. This is something that really concerns me so I though I should explain why in a blog article. Traditional investment funds buy assets such as … Continued

Waste Not

I noticed an article in The Times today which got me thinking about the real difference between Financial Planning and traditional Financial Advice. The article highlighted that the UK Government has “wasted” £31 billion in the last two years. Yes that is thirty one thousand million pounds! The Government has penciled in a total of … Continued

Rolling dice or playing poker?

According to today’s Financial Times, “The Bank of England signaled it was likely to pump billions into the economy, after slashing its forecasts for inflation on Wednesday and saying output was likely to stagnate until next summer.” (my emphasis) Financial markets around the world seem to be predicting poor results for the foreseeable future. Fortunately, … Continued

Institute of Financial Planning Scottish Conference

Alan Dick CFP will be speaking at the IFP Scottish Conference on 14th and 15 November in Glasgow. Alan is a CERTIFIED FINANCIAL PLANNER professional, Chartered Financial Planner and principal of Forty Two Wealth Management the Glasgow Wealth Management and Financial Planning firm. Alan will address the subject of risk profiling and ensuring investors attitude … Continued