I frequently find myself in a debate with a dear friend about the slew of surveys concerning the financial behavior of blacks.
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Standard financial advice says you should squirrel away cash for emergency expenses.
HSBC to axe 700 jobs
Jun 30
Global banking giant HSBC said it would cut 700 jobs in Britain, and blamed upcoming changes in the law for providing financial advice to consumers.
National firm Irwin Mitchell has linked up with a financial advice group to offer legal services directly to its customers. The law firm will offer a range of services for clients using the Guardian Wealth Management group. Irwin Mitchell has already stated its intention to seek external investment ahead of Alternative Business Structures coming into force from October.
LONDON – Global banking giant HSBC said on Thursday it will cut 700 jobs in Britain, and blamed upcoming changes in the law for providing financial advice to consumers.
Global banking giant HSBC will cut 700 jobs in Britain, and blamed upcoming changes in the law for providing financial advice to consumers.
The Government’s proposed Future of Financial Advice reforms are likely to cause a fundamental restructuring of the financial advice sector, with larger institutions likely to benefit and increased consolidation to result, according to law firm Minter Ellison.
The policy uncertainty surrounding the Federal Government’s proposed Future of Financial Advice changes appear to have contributed to wiping up to 15 per cent off the value of Australian financial planning businesses, including major dealer groups.
The days of cowboy financial advisors are over with legislation requiring advisors to be registered coming into effect tomorrow
Not all financial advice you receive will be in your best interest.
