I am currently training to be a financial adviser, learning all about the systems available is a real eye opener.
My mentor has taken me to some of his clients meetings , what is clear is that high street products are expensive and unsuitable for most people .
Isas show very poor returns , whilst they give a headline of being tax free , the rates barely beat inflation.
I was with a client last week who has 230k invested in a proper structured portfolio , he is returning 8% after tax , which is not uncommon.
It is very important to seek advice and have a holistic approach , this means balancing protection , retirement planning and investment.
Commission is no longer paid to financial advisers , along with very tight regulation and the high barriers to entering the market mean that the advice given is far more meaningful and professional than ever before