Jargon Buster
What qualification should my financial adviser have?
In order to provide regulated financial advice in the UK, a financial adviser must hold an approved qualification covering a number of financial planning subjects. Qualifications are generally from two main professional bodies: Chartered Insurance Institute (CII) and Institute of Financial Planning (IFP). Advisers must hold a minimum qualification, subscribe to a code of ethics…
Read MoreISAs explained: limits for 2013/14
What is an ISA? ISA stands for Individual Savings Account. In an effort to get us all saving as much as possible the government gives tax advantages when saving into an ISA. There are limits set each year as to what amount you can save in an ISA and receive tax benefits. Ordinarily if you…
Read MoreJargon Buster: What on earth is an annuity?
If you’re not sure what the Queen Mother has to do with annuities, then please read on. It will all become crystal clear! An annuity is a means whereby a capital sum is turned into income for your lifetime. You will often have heard the term in relation to pensions. What happens is that the capital…
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