Look at the parents when doing credit checks, says IF

Professional Adviser
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Doing background checks on people's parents could be the best way for IFAs to find the most suitable...

Doing background checks on people's parents could be the best way for IFAs to find the most suitable financial plan for clients according to the results of a survey by Halifax's Intelligent Finance business. The bank has concluded from the survey that UK investors are likely to have the same attitude towards money as their parents did. However, few were willing to admit their financial choices were influenced by "mum and dad", with 1 in 3 UK adults considering themselves "aficionados" when it comes to managing their finances but only 1 in 5 prepared to believe that parents influen...

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