Sound Financial Group Blog

Product mis-selling is rife within the financial planning industry so what is the best way for a consumer to find objective advice on their financial position and advice on how they can make best use of their finanical resources to achieve their lifestyle objectives.....without the need for product at all.

is something that many would welcome and despite the fact that they have become an easy target in recent times, in the case of missold payment protection insurance (PPI) the High Court ruling that banks should review compensation claims is good news for many.

Well quite a lot actually when it comes to the world of Investments. We have been critical of the confusing names and labels given to investment funds, names such as ‘cautious’ or ‘balanced’ do not necessarily do what they say on the tin and many consumers have been confused.

Such confusion was well founded when during the financial crisis of 2008/09 so called ‘cautious’ funds fell by as much as 28% in one year! This lead to a rise in complaints being taken up by The Financial Ombudsman.