Financial Advice

Find out about the benefits of independent financial advice in the consumer guide and then find an independent financial adviser for your business or consumer needs.

10 Ways to Improve Your Cashflow and Stay on Top of Your Finances

10 Ways to Improve Your Cashflow and Stay on Top of Your Finances

We’ve all heard that old adage ‘cash is king’ but it is still relevant today or perhaps, in this competitive, fast-moving world, it is even more important. Without a steady flow of cash, your business will run into serious trouble. You won’t be able to pay bills or your staff, make purchases or plan for the future. Here are 10 ways to improve your cashflow and boost your financial efficiency: Forecast your business’ cashflow It may sound obvious, but it is surprising how many businesses don’t maintain an accurate cashflow forecast. Look at how much cash is coming into your business each month (cash inflow) and how much is going out (cash outflow). With a regularly updated forecast in place, you should be able to identify seasonal peaks and troughs and plan business activities to ensure the... »

IVAs: 6 Facts You Should be Told Before Entering an Individual Voluntary Arrangement (IVA)

An IVA is a legally binding agreement.  This means that if you are in an IVA, any company you owe money to is unable to take any further action against you and are not allowed to contact you about repayment as long as you keep up with your payments to the plan.  Creditors have no legal right to pursue you beyond the IVA, so any letters or phone calls that make payment demands should stop. Your debts can be written off after 5 years. 60 monthly payments are usually proposed and once this is complete you will be free of debt, although if you are unable to release any equity in your property you may have to make 12 further payments. You risk your IVA failing if you do not make all of your payments; your debts will not be written off and interest charges would probably be re-applied. The IVA s... »

Independent Financial Advice – Consumer Guide

Introduction The burgeoning choice of financial products on the market – more than 30,000 (source IMA, DTI, AKG) at the last count – can be daunting and lead many people to leave their money languishing in the wrong place. Yet when headlines present a bleak picture of our financial future if we don’t start saving more wisely for our retirement, right now, then it’s clear we should be doing more about putting our money through its paces. Whether you’re looking for the best way to save for retirement, a mortgage, advice on how to invest for the future or protect you and your family with a life assurance policy, the most suitable product for you is almost certainly out there. It’s simply a case of how to find it. Now perhaps more than ever it is important t... »