A new website has launched which allows you to compare and view reviews of financial advisers.
This week is Financial Planning Week, an initiative put together by the Institute of Financial Planning to raise the importance of financial planning in the UK.
The Government has today launched a new service, Moneymadeclear, which offers “free financial advice” over the phone, on the web and face-to-face.
Consumer group Which? has done an investigation into Natwest’s “impartial financial guidance” service, MoneySense, and has found that in many cases the advice given is far from impartial.
According to a recent study, our brains set aside rationality when we listen to supposedly expert advice.
Makes sense doesn’t it? After all, expert advice is supposed to take away the difficulties we have in understanding a subject.
You may recall that a few weeks ago I asked for feedback on RBS/Natwest’s MoneySense scheme, where advisors in the branches of these banks were specially trained to give impartial advice on a range of money issues.