Good financial planning can have life-changing repercussions but the levels of unsuitable defined benefit transfer advice has been alarming, writes Paul Dyer. Here, he looks through common failings he's seen and offers up considerations for advisers...
To my mind, financial planning is one of those things that people can easily shy away from, driven by perceived complexity or a mis-trust of others with personal finance affairs. This is a travesty, as financial planning can have life-changing repercussions. At no point is this more clear than in retirement planning. A good financial adviser can help you put plans together, using their knowledge to identify objectives, constraints and opportunities. Fundamentally, they can help support the delivery of your life goals. The April 2015 Budget saw the most radical changes to private ...
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