Below are stories in the SendtoNews archives that indicate Financial services as their primary category:
Financial services in England are highly regulated by the Financial Services Authority (FSA) but the FSA are shortly to be replaced by another body.
There are numerous banks, building societies and insurance companies in England who are allowed to sell financial services products to members of the public and businesses such as life assurance, income replacement cover, critical illness cover, private pensions, savings and investment products.
It is so important that clients are provided with suitable advice when buying many of these products as there is a huge selection of similar products available. If we look at life insurance, for example, there is whole of life insurance, level term insurance, decreasing term insurance, convertible term insurance, over 50s life insurance and so many more.
The financial services sector has come in for much criticism in recent years with some financial institutions being fined substantial sums for various things such as a number of financial advisers working for a financial institution's sales force providing incorrect advice to a number of clients.
Financial Advisers are remunerated in different ways but all would receive some form of bonus or commission because they are in a sales role. Many are employed and they receive a basic salary plus commission based on how much they sell. Some are on commission only so will only get paid based on what they sell.
For those advisers who achieve their targets it can be a rewarding role financially but if you are struggling then the opposite is likely to be the case.
