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How do i take action against an ifa?
Hi, I invested £11k in the suspended Arch cru funds. I notice one fellow investor has successfully taken his IFA to the Financial Ombudsman Service. I would like to do the same, but imagine I need someone to help me out - a lawyer maybe? - at the very least someone who knows how to present evidence to the FOS in a proper…
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I need to find an IFA
I live in West Dorset and wonder where I can find a reputable independent financial advisor? What sort of charges can I expect?
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Lloyds Vantage account - advice needed as it doesn't feel right!!!
I'm currently a lloyds classic account holder where my salary is sent and my bills are paid. I opened a classic vantage current account on Saturday at the branch. I told them that I wanted to use it as a savings account and will keep £7000 in there every month and also transfer £1000 in a month to meet the account terms…
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Children's savings - do they affect benefits?
I want to start a savings account for my 4yr old son, do these kind of savings accounts affect housing benefit/council tax benefit/tax credits? I know household income/savings affect it - does that include a child's account? If it does I find that quite unfair as the savings aren't going to be for me to dip into and use,…
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Best Long term savings account
Hi, I am looking to save £100 per month for when my daughter hopefully goes to Uni in 15 years time. I want a saving account / scheme which offers a high interest rate over a long term, but has to be risk free. Anyone know of a saving account which meets my needs. cheers
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Bringing Money From Italy into UK
Hi, My girlfriend is currently selling a house in Italy and would like to bring the money into the UK to buy a house here. Is there a certain way in which this needs to be done so as she isn't taxed at a high rate etc? In the past we had just transferred money between her Italian bank account and My UK account before she…
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Share Certificates Lost in Post - Indemnity?
My mum is an elderly lady (96 and counting). Some decades ago she was advised to invest in some Unilever shares. Her couple of hundred pounds investment is now worth over £100,000. She wanted to sell some of these to pay for some care needs and sent off the share certificate to Computershare only to be told that a new…
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How do I find out if a business is going on the public stock exchange?
Hi, so this is my first post on this forum, but I’ve been reading many posts for a few years now, quite often finding the info I need. But I cant this time, and I'm not sure what I need to search for etc. So what do I need to learn? Or find out if it's possible (I hope it is) Ok so soon I want to start investing in the…
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Fees for advice and where to invest pension lump sum
Can anyone help me out, we have spoken to an IFA who has taken our information and will get back to us. Will he charge us for this interview (he said he would discuss fees later on?). We have £70000 to invest (our retirement money) and we were shocked at how much financial advice can cost. We have used our cash ISA for…
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Fees for advice
I have seen an IFA for a first interview taken my details and will get back to us. What I am worried about is no mention of fees were discussed. Call me stupid but I am worried they will charge for this initial assessment. I want to know to if I put my lump sum in a bond do I have to pay anyone for this? and is a high…
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Withdrawing from my Halifax ISA Direct Reward
I want to take a few hundred quid out of my ISA to an account with another bank to cover me for a month or so, but can't figure out how to actually withdraw the money... The help/terms and conditions booklet isn't very helpful and I can't work out how to do it online. Do I have to phone them up? Will that be a nightmare? :(
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A CTF Christmas Present?
I was just wondering what to get my 3 month old nephew for christmas and was thinking that I could put some money in a CTF for him and which his parents can then stick his annual voucher in? Would this be possible? I'd prefer it to be a surprise but am concerned that I won't be able to do it without telling them first.…
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RDR and conflicted advisers
Thought this was quite interesting: http://www.psyfitec.com/2009/09/disclosure-wont-stop-conflicted-advisor.html It essentially makes the point that requiring advisers to disclose conflicts (the current system with IFAs in the UK) can actually lead to even more biased advice relative to a regime where the potentially…
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Money currently in poor performing cash isa
My wife and I have a cash ISA which is doing very badly. I imagine the interest rate is approx 0.1%, but it crashed a number of months ago. I thought it was necessary to stay with the provider for the 5 years, but it now appears (from this site), that this may not be the case. There is approx £8k in the fund, and we save…
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Fund rebalancing
Ive got a reasonably diverse portfolio and sit between the cautious and balanced/medium risk risk profile at the moment. I have Invesco perp corp bond and M&G corp bonds amongst my bond allocation. They are performing well but I feel they may have reached near the top of there ranges.I think it may be a good idea to move…
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Halifax Regular Saver - Historic rate?
I am trying to find out the rate of my Halifax Regular Savings account. Its a fixed rate. I don't have any written information, and its not given in online banking. My payments started in February 2009. (My 12th payment is in January 2010). Anyone know what rate I'm getting? I am not sure if I will continue with the…
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EGG and their two savings accounts
When Egg reduced their savings account or, perhaps the bonus came to an end, how do they know when money is transferred to a linked account and then reinvested with them in their new instant access paying 3.25%? I did ask them about just transferring money from the original savings account to the new one and they replied…
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Portfolio & Corporate Bonds
Hi, I've got a question about the balance of my portfolio as I've seen on varios sites that it may be an idea to get out of corporate bond funds so I was wondering why? I have quite a chunk of my portfolio in one, my portfolio is: Artemis Strategic Assets Acc 21% HSBC Pacific Index Acc 2% Invesco Perp Corporate Bond 22%…
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Standing order date changed by bank
Hi All, Hopefully I can get some answer from here. I opened my regular saver account on Oct 2009 and set up the standing order date on 28th every month. When I received my first statement, I saw the standing order date on 28-Oct. It was correct and without any problems. But, when I received my second statement, I only saw…
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Confusion over charges
Could you help me understand this please. http://www.h-l.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/m/m-and-g-recovery-class-x-accumulation/key-features Why under "charges and expenses" the total figure 1.67% doesn't add up from the rest of the figures. And In the other details under the "effects of…
