Fees for financial advisors

Yes, very similar so I no longer have an annual review!

Yes, I've had the same experience. My lovely FA can no longer do financial reviews either. I really miss him.

We do not have enough money to make a FA worthwhile (and certainly not affordable)! I wish!!

DH has just retired and his FA is with the pension company.
The FA actually advised him (off the record) not have a yearly review and to call the company and tell them not to do provide one.
They were how ever insistent it was in our best interest to have one.
My DH was equally insistent!
We can at anytime call the company and speak to them regarding any queries we have.
So in years time will do just that.

Should be 'in a years time will do just thatk

Never had one and not so sure they are a good idea unless you have lots of money or are financially illiterate.

We went to a series of seminars for older people which included things like IHT planning. I knew everything they told us and in fact knew that they gave the wrong answer to a question which I think they misunderstood.

I think I am probably more financially aware than most though. The 2 most important things I would recommend is to keep a note of when any special rates end and then review them and that when looking for a financial product spend more time than just looking at the comparison sites. Lots of smaller companies are not on them and often have better rates.

The whole concept of financial "products" makes me sigh.

Had a letter from my bank this very morning saying the interest on my savings account is reducing to 0.05% Not worth bothering a FA with rates like that.

ann Santander pay marginally more for the first £20,000 and zilch after that. At present it is 3% but that is changing within weeks.

Yes, I see you are all in agreement really. Perhaps the best place for your money is under the mattress after all.Is there anyone left out there who still thinks FAs are a good idea??
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To quote Leonard Rossiter: I didn't get where I am today by paying a FA.

I'm with Luckygirl if you need a financial advisor then you must have savings. Not everyone has, and some pensioners have mortgages they are struggling to pay.

In relation to interest rates and mattresses, there was a financial programme on the radio recently which highlighted that banks are considering bringing in.....wait for it.....negative interest rates, meaning that we will have to pay them for depositing our hard earned cash! Mattresses at the ready folks!