Advice

Claims firms pocket up to £5bn from PPI mis-selling

10 Mar 2014

Citizens Advice report says financial companies' slow response to scandal allowed claims management companies to swoop in Claims management firms have pocketed up to £5bn of the compensation paid to victims of Britain's biggest ever financial mis-selling scandal, according to a new report from Citizens Advice . The charity said the widespread mis-selling of payment protection insurance (PPI) by ...

The Risk Behind Buffett's Advice

8 Mar 2014

Warren Buffett’s investment advice echoes the long-term stock investors’ refrain: “Buy and hold.” Further, adopting academics' (and Jack Bogle's) beliefs, he advises holding an inexpensive S&P 500 index fund. That sounds easy. And, coming from the master, undoubtedly profitable. We only need to look at a long-term stock index chart to prove the wisdom and ease of following it. But wait...

7 pieces of terrible debt advice

7 Mar 2014

Asking for advice is one of those things that can either be helpful or disastrous — it depends on the topic and who’s offering tips. When it comes to get-out-of-debt advice, the stakes are high, so choose your advisers carefully and keep an open mind when it’s time to make decisions.