Have you ever known that you weren't getting the best deal but just stuck with what you had?
A savvy mate was recently telling me how he has insurance to protect his income (a good idea), the same policy for years. Yet he has this sinking feeling it's not the best out there.
Trouble is, he doesn't know where to turn for good, independent financial advice and information. Where do you find advice that doesn't just funnel you into something worse?
So he stays put.
Getting advice can be fraught. First, there are not enough advisers to go around. Second, most people can't get independent advice because they don't have enough funds to manage. Yet they still need advice.
Financial advice is particularly complicated because of the different types of advisers and the many ways they earn their money. Many advisers only get paid if you buy, sell or change something, since they're paid for transactions or on commission.