Opt for Fully Regulated Financial Advisors to Assist with Retirement Planning-

Choose Fully Regulated Financial Advisors to Help with Retirement Planning

If you're thinking of getting your retirement planning in place, be sure to use only fully regulated financial advisors before making any decisions. Retirement planning is a serious issue, and you need to make sure that the advice that you're given will help you to achieve the retirement that you dream of - after all, you've worked for it.

What is the significance of regulation?

When you use fully regulated financial advisors, you're giving yourself the best opportunity to receive independent and bespoke advice, on top of a great service. Not all financial advisors are what they seem, so by using the regulated kind, you have the peace of mind that they're qualified to help you with your retirement planning and other financial matters. Going elsewhere, on the other hand, could mean you receive advice that is tailored more to the advisors benefit, or that of the financial organisation they're associated with, rather than being given recommendations that are the best ones available for you.

Regulated advisors are the only way you can be sure that you've been given a whole view of the market. Retirement planning is tricky to get right, so you need a good choice and appropriate recommendations to get the right retirement product for your needs - rather than one that is being forced upon you. The wrong advice can get you in hot water, such as being offered a QROPS that isn't on HMRC's approved list; QROPS can be a great option for expats and their retirement planning, but you need to make sure that you're getting good quality advice to stay out of the danger zone.

Because fully regulated financial advisors must act in accordance with the guidelines set out by their regulatory body, they're bound by an ethical code which dictates that they must provide impartial recommendations and analyse your specific circumstances in order to offer the most appropriate advice. If a regulated advisor acts in anyway unethically and causes you a financial loss, they can be fined and struck off the register.

Who takes care of regulation?

In the UK, the Financial Services Authority, or FSA, is the organisation responsible for the regulation of financial advisors. If you live elsewhere, or you're an expat seeking a company who can serve you both home and away, then you will need to check who the regulatory body is for the country you're in. You should be able to enquire as to whether the financial advisor you're considering using is on their list of regulated providers. The best possible advice is to never take a chance on your money, so always make sure that you use fully regulated financial advisors for your retirement planning and other wealth management needs.

You should definitely visit us if you want to learn more about fully regulated financial advisors and QROPS. [l]