On this page you can find information about: For example, you can get guidance about money on the Money Helper website. If you're looking for financial guidance you could contact a free, impartial organisation that specialises in financial guidance. If you are not sure whether you are receiving guidance or advice, ask the adviser or organisation to explain. This means if things go wrong with your financial choice, you may not be able to complain to the Financial Ombudsman Service or Financial Services Compensation Scheme. Guidance services are not regulated by the Financial Conduct Authority (FCA).
A financial adviser would look at specific savings accounts, investments and ISAs offered by various companies and recommend a specific one that best suits your personal circumstances. They won’t tell you about specific products offered by named companies or what option might suit you best. They may tell you about the pros and cons of regular savings accounts, ISAs and investments. Financial advice, however, informs you which specific product would best suit your needs.įor example, if you have a lump sum you want to save, someone giving guidance would tell you what your saving options are in broad terms. Guidance provides you with information about the various options available to you, but should not recommend any particular option over another. Some individuals and organisations – often advice charities - offer financial guidance. What the financial adviser should tell you.What to think about before you see a financial adviser.
#Financially secure definition how to#
How to check you're getting the right advice.Making sure your adviser is qualified and registered.when your life changes for example, you're starting a family, getting divorced or you've been widowed.buying a property or taking out a mortgage.making the most of a lump sum of money such as a redundancy payment or an inheritance.
#Financially secure definition professional#
If you have little experience of dealing with finances or you're confused about making a decision, it may be helpful to get professional financial advice.Ī financial adviser can help with things like: There are thousands of different financial products on offer and choosing between them can be difficult. There will probably be times in your life when you're not sure what to do with your money or what decisions you need to make about your financial future.
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