The British regulatory body Financial Services Authority (FSA) seems to be in the wars. I would not have taken the road of the opposition party Conservative Party which announced that the FSA would be abolished, if the Tories won the forthcoming general election. I think it does'nt help morale and there might be actually a case for the tripartite process of regulation. The regulatory bodies of other countries do not seem to have performed well.
However, the FSA is the bane of the humble independent financial adviser (IFA) in the United Kingdom with masses of red tape and fees. Although I don't think the Bank of England would want to track the activities of the financial advice arena.
Showing posts with label independent financial advice. Show all posts
Showing posts with label independent financial advice. Show all posts
Monday, 10 August 2009
Wednesday, 19 December 2007
Has the UK stock market gone ex-growth?
Has the British stock market gone ex-growth? I read an interesting article by Chris Dillow in the Investors Chronicle, who noted that the only true performers in the
last twenty years were banks, tobacco and mining companies. Dillow noted that companies well-known for their innovation such as media and software had been poor performers.
I personally would not invest in the banks at the moment since they are suffering a few problems but maybe BAT and Imperial Tobacco look reasonable. Or rather than taking my amateurish advice, you could contact an
independent financial adviser.
Out of the banks you got to look at the ones, where the share prices have not fallen so much such as HSBC, Standard Chartered and Lloyds TSB. Again, caveat emptor, I am not giving investment advice I am just blogging on a sunny afternoon.
last twenty years were banks, tobacco and mining companies. Dillow noted that companies well-known for their innovation such as media and software had been poor performers.
I personally would not invest in the banks at the moment since they are suffering a few problems but maybe BAT and Imperial Tobacco look reasonable. Or rather than taking my amateurish advice, you could contact an
independent financial adviser.
Out of the banks you got to look at the ones, where the share prices have not fallen so much such as HSBC, Standard Chartered and Lloyds TSB. Again, caveat emptor, I am not giving investment advice I am just blogging on a sunny afternoon.
Thursday, 22 November 2007
Choosing an independent financial adviser
It is interesting the difference between having the choice of a range of
products from an independent financial adviser and going to a bank, which
is committed to its tied products. I am considering a long-term product,
a pension. There is a bit of hoping and seeing. There are no guarantees,
just a realm of possibilities. The Nat West brochure offered me the
princely sum of £60 a month in return for quite a bit of saving. Perhaps,
the 1.5 per cent charge is quite high. I would be more comfortable with
a charge of 1 per cent.
National Westminster is part of the Royal Bank of Scotland (RBS) group.
products from an independent financial adviser and going to a bank, which
is committed to its tied products. I am considering a long-term product,
a pension. There is a bit of hoping and seeing. There are no guarantees,
just a realm of possibilities. The Nat West brochure offered me the
princely sum of £60 a month in return for quite a bit of saving. Perhaps,
the 1.5 per cent charge is quite high. I would be more comfortable with
a charge of 1 per cent.
National Westminster is part of the Royal Bank of Scotland (RBS) group.
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