He offers lots of online advise so it is surprisingly that he is so wary of relying on technology to cater for the bigger mass market. “Technology is the way to fill the advice gap but it worries me to death,” he says. “I believe in authorised financial advice. I’m not wedded to it being face-to-face but you should speak to a qualified person with knowledge. Automated online types of service worry me – it’s not financial advice. There’s such an opportunity for people to buy the wrong thing without protection from the regulator,”
For many maybe a compromise is the way to go but Enable’s IFA’s really believe in the value of face to face advice, it really helps to be able to explain things. For example recently with the new pension flexibility following the last Budget, fewer annuities have been arranged across the board than normal since the Chancellor’s announcement, says but Enable has found like many other IFA’s that most people will still opt for an annuity once they understand more fully the tax implications of choosing any of the alternatives.
Issued by: Enable Independent Financial Life Planners
25c North Street, Bishops Stortford, Herts CM23 2LD
Telephone: 01279 755950 - Fax: 01279 657339
Enable Independent Financial Life Planners is a trading style of Enable Independent Limited is authorised and regulated by the Financial Conduct Authority.
It is important always to seek independent financial advice before making any decision regarding your finances. If you would like any assistance, please contact us.
NOTHING CONTAINED IN THE ARTICLES SHOULD BE CONSIDERED AS GIVING INDIVIDUAL FINANCIAL ADVICE
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