Financial Services

Claiming back your charges: Why it is important not to accept anything less than everything. The High Court test case may have given the banks some time to get themselves organized for a potential flood of claims but consumers who already claimed compensation are starting to realize that they accepted offers well below what they were entitled to.

Haven’t all of us heard this jingle since our childhood? As we stepped into adolescence from our childhood we were given pocket money to understand the value of money. Further down the lane, when we passed out of school and walked into college and left our parents to stay in hostels, papa gave the monthly stipend and asked us to maintain accurate daily records of expenditure. Why? To understand the value of money, of course! Still further down the lane as we became financially independent, we got caught on with the habit of trying to balance our balance sheet and desperately stick to our expense budgets. But, why? Well, money matters, so each penny has to be very carefully spent, each expense needs minutest monitoring. Otherwise, how would we make our ends meet?

A sound advice can at times be the most valuable asset of all. In this day and age, where the faces of commerce and finance have evolved into something so complex and dynamic one can hardly undermine the need for such an advice. Perhaps this is the reason the role of a financial advisor is becoming ever more important.