About Our Financial Advice

About Our Financial Advice

Advice – Impartial, Unbiased & Neutral

advice is not the only option available.

If you go to your high street bank you may be greeted by a financial adviser, but they could well be ‘tied’ to recommending and promoting the products of the bank, or a single insurance/investment company with which the bank has a formal agreement. So why do we need advisers, and how can customers be sure they are getting a fair deal?

The Financial Conduct Authority (FCA)

The FCA, is the government-appointed watchdog that regulates all financial and insurance firms – this ranges from the largest multinational bank, to the financial adviser operating as a sole trader. The FCA Handbook sets out rules and guidance including the Conduct of Business Sourcebook (COBS), setting out the rules on Business Standards to which Financial Advisers must adhere. Financial Advisers must also embed the FCA’s Treating Customers Fairly (TCF) initiative into their corporate culture ensuring the Fair Treatment of Customers is central to their business. The rules are freely available from the FCA’s website– www.fsa.gov.uk. Please note by clicking on this link you will leave our website and enter into a third party website which our firm is not responsible for.

How do I know the company I am dealing with is ?

advisers are able to select the correct product for customers from the whole of the market – that means they can potentially recommend any product from any company providing it suits the customer’s needs and objectives. With such a wide choice of companies, investments and saving tools the customer can be reassured that they are not simply being provided with a standard recommendation – and are getting personalised advice.

To ensure you do get personal advice your financial adviser will collect certain details about you, your circumstances and requirements to enable him to correctly advise you. Remember to be as open and honest as you can, because the more information you provide, the more accurate the adviser can make his recommendations.

All financial advisers have to provide their customers with the relevant important disclosure documents, detailing the following: information on services provided by the firm, how the firm is paid for the business it conducts, their complaints procedure, Data Protection and coverage under the Financial Services Compensation Scheme (FSCS). You can ask to see our disclosure documents at any time, simply contact us for these.

What protection do I have?

Your adviser will always endeavour to do the very best for you. Whenever you deal with a financial adviser you will receive details on the complaints procedures offered by the firm. If you wish you can request a copy of these procedures at any time.

When the adviser is advising you on regulated products (including investments, insurance and some forms of mortgages) you have the protection of the Financial Ombudsman Service (FOS) and the Financial Services Compensation Scheme (FSCS).

If you are unhappy about the advice or service you have received you should firstly contact the firm that provided the advice or service. This gives them the chance to put things right and/or to provide their own version of events. Should you remain dissatisfied you can refer your complaint to FOS who will investigate the complaint ly and make a ruling. FOS work with customers and financial advisers to resolve a complaint, and when they do have to make a ruling it is binding upon the firm.

If you try to submit a complaint to a firm and the firm is dissolved, or unable to meet its obligations, you may have recourse to the FSCS (Financial Services Compensation Scheme). This is a service funded by all the companies within the industry to protect customers where firms have closed or gone into liquidation.

Anything else I should know?

Some financial advisers do give advice on products that are not regulated by FCA – such as general taxation and some Buy-to-Let mortgages. Your adviser will explain to you when you are receiving advice on an unregulated product. It is important you are happy with the advice as you do not have the added protection of FOS or FSCS when dealing with some unregulated products.

THE FINANCIAL SERVICES AUTHORITY DOES NOT REGULATE TAXATION ADVICE AND SOME FORMS OF MORTGAGES.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE .

Consumer Protection

The regulation of financial services is designed to protect customers at every stage.

What protection do I have?

We/I will always endeavour to do the very best for you. Whenever you deal with us/me you will receive details on the complaints procedures offered by our/my firm. If you wish you can request a copy of these procedures at any time.

When we are/I am advising you on regulated products (including investments, insurance and mortgages) you have the protection of the Financial Ombudsman Service (FOS) and the Financial Services Compensation Scheme (FSCS).

If you are unhappy about the advice or service you have received you should firstly contact us/me outlining your concerns. This gives us/me the chance to put things right and/or to provide our/my own version of events. Should you remain dissatisfied you can refer your complaint to FOS who will investigate the complaint ly and make a ruling. FOS work with customers and financial advisers to resolve a complaint, and when they do have to make a ruling it is binding upon the firm.

If you try to contact a firm about with a complaint, and the firm is dissolved, or unable to meet its obligations you may have recourse to the FSCS. This is a service funded by all the companies within the industry to protect customers where firms have closed or gone into liquidation.

Anything else I should know?

Some financial advisers do give advice on products that are not regulated by Financial Conduct Authority – such as buy-to-let mortgages or general taxation advice. We/I will explain to you when you are receiving advice on an unregulated product. It is important you are happy with the advice as you do not have the added protection of FOS or FSCS when dealing with unregulated products.

THE FINANCIAL SERVICES AUTHORITY DOES NOT REGULATE TAXATION ADVICE AND SOME FORMS OF MORTGAGES.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.