We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Making Money as a MSE
Comments
-
I believe (and I may be wrong!) that as soon as you charge for your service and class it as financial advice - which you would - then you need to be registered and actually have formal training... this is not only for your protection but your "customers" too... there is a world of difference between listening to the advice of a mate and paying someone to advise you... what if 6 months down the line it turned out you had mis advised them and they came asking you to compensate them?
You do
You have to be registered with the OFT and comply with the terms of having a consumer credit licence in order to be able to give financial advice.
You also have to have third party insurance in case of mis selling or poor advice.Free/impartial debt advice: Consumer Credit Counselling Service (CCCS) | National Debtline | Find your local CAB0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.8K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.9K Work, Benefits & Business
- 603.4K Mortgages, Homes & Bills
- 178.2K Life & Family
- 260.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards