Mortgages
The terms "mortgage broker" and "mortgage adviser" are often used interchangeably in the UK. However, there is a subtle distinction between the two. Mortgage broker A mortgage broker acts as an intermediary between you and mortgage lenders. They have access to a wide range of mortgage
Consumer duty
The aim of this article is to explain the difference between consumer guidance and consumer advice within the financial services market. The source of this information is the Financial Conduct Authority (FCA). It is important that individuals understand the subtle but significant difference between the two. In certain circumstances it
Qualifications
Chartered status is a recognised mark of distinction in the financial advice profession. It demonstrates that an adviser has met the highest standards of education, experience, and professionalism. When looking for a financial adviser near you, Chartered financial advisers are often in higher demand as Chartered is an indicative quality
Qualifications
1.Be Approved by the FCA: The Financial Conduct Authority (FCA) in the United Kingdom conducts the "Fit and Proper" test to assess whether individuals are suitable to perform specific roles within the financial services industry. This is part of their wider initiative to ensure that firms and
Qualifications
Financial advisers in the UK must: Hold Relevant Qualifications: They need to have the necessary qualifications for the specific type of advice they provide. The Retail Distribution Review (RDR) standards set out the minimum level of qualification required. 1. Be Approved by the FCA: Advisers must be approved to perform
Qualifications
Financial Advisers are professionals who offer advice on financial matters and recommend suitable financial products. To practice as an IFA, individuals must obtain relevant qualifications and adhere to regulatory requirements. Here is an overview of some of the key qualifications: 1. Diploma in Regulated Financial Planning (DipPFS or DipFA) * Issuing
Consumer duty
Choosing a Financial Adviser Are you considering hiring a financial adviser to assist you with your financial matters? A professional financial expert can help you manage your wealth and savings. They can also help you with your investments and make sure you are on track for retirement. Before you hire
Consumer duty
New research shows those customers who receive financial advice can be better off on average by £40,000. Those who received financial advice in the 2001-2007 period had accumulated significantly more liquid financial assets and pension wealth than their unadvised equivalent peers by 2012-14. ‘The Value of Financial Advice’, produced
Consumer duty
For many investors, working with a financial advisor is an important part of planning for the future and making wise investment decisions. Finding the right financial advisor can make all the difference in the world when it comes to planning for the future, but getting started can be daunting. What