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Financial Advisors > Financial Advisers In > Financial Advisers By City > Financial Advisers In Cambridge > R H Financial

R H Financial

R H Financial
Address: The Meadows
Joiners Road
Linton
Cambridge
Cambridgeshire
Postcode: CB21 4NP
Telephone: 01223 890770
Website: http://www.rhfinancial.co.uk/
Financial Advisors By Type: Mortgage Advice, Life Insurance Advice, Health Insurance Advice, General Financial Planning
Financial Advisors By Area: Cambridgeshire Financial Advisers
Financial Advisors By City: Financial Advisers In Cambridge
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Description
Roger Hickford has been in the Financial industry since leaving school, initially starting in the Banking sector in London and then moving on to the Money Markets as a trader and Money Broker. In 1998 he achieved all of the necessary qualifications of the Financial Planning Certificate papers 1,2 & 3 set by the Chartered Insurance Institute together with the Certificate in Mortgage Advice and Practice set by the Institute of Financial Services. These exams allow Roger to advise on all aspects of Financial Planning.

Financial products are sometimes at their most useful when they are protecting our families, our incomes or our property. Whilst insuring ourselves against an undesirable event such as sickness or even death may not be a pleasant thing to think about, the benefit of being able to set financial issues aside at emotionally difficult times cannot be overlooked. There are many ways in which a family can protect itself, and because of the large range of products available there is usually an appropriate policy for most circumstances, and most budgets. There are many different ways to protect your family and your standard of living when you need it most. Click on the Protection options button to learn more about these.

Mortgages are the largest single transaction in most people’s lives. Buying a property can be a stressful and time consuming experience, although nowadays the financing of a mortgage is a case of finding and selecting the best deal, rather than simply accepting a lender’s offer. Hundreds of banks, building societies, and smaller niche lenders compete for your business, all offering a variety of interest rate deals, associated fees and other enhancements to attract borrowers. There remains two main methods of repaying a mortgage loan, and it is possible to set up the loan on a ‘part and part’ basis. A description of these methods is provided below.

Under a repayment mortgage your monthly repayments consist of both interest and capital hence, over time, the amount of money you actually owe will decrease. In the early years your repayments will be mainly interest and therefore the capital outstanding will reduce slowly in the early years. Whilst this method ensures that the loan is repaid at the end of the term, it is generally more expensive at the start. As their name suggests, with an interest only mortgage you only repay the interest on the loan. At the end of the term the capital is still outstanding. Therefore you will usually need to take out some kind of investment policy to save up enough to repay the loan at the end of the term. Traditionally the preferred product for repaying the capital of an interest only mortgage was a mortgage endowment policy (which included a set amount of life cover) – although more recently customers are using ISAs and pensions to build up a sufficient sum and taking advantage of the tax breaks offered by these products.

If you go to your high street bank you may be greeted by a financial adviser, but they could well be ‘tied’ to recommending and promoting the products of the bank, or a single insurance/investment company to which the bank has an allegiance. So why do we need independent advisers, and how can customers be sure they are getting a fair deal? The FSA, to give it its shorter title is the government watchdog that regulates all financial and insurance firms – this ranges from the largest multinational bank, to the financial adviser operating as a sole trader. The FSA handbook of rules and guidance lays down the laws to which all IFAs must adhere, and the way they treat customers is governed by the ‘Conduct of Business’ (COB) rules. The rules are freely available from the FSA’s website– www.fsa.gov.uk. Please note: this is an external site and our firm is not responsible for the content. ndependent advisers are able to select the correct product for customers from the entire market – that means they can potentially recommend any product from any insurance company providing it suits the customer’s needs and objectives. With such a wide choice of companies, investments and saving tools the customer can be reassured that they are not simply being provided with a standard recommendation – and are getting personalised advice. To ensure you do get personal advice your financial adviser will collect certain details about you and your circumstances to enable him to correctly advise you. Remember to be as open and honest as you can, because the more information you provide, the more accurate the adviser can make his recommendations. From June 2005, all financial advisers have to provide their customers with 2 important documents: ‘Key Facts’ about our services tells customers about the firm’s activities, whether they offer advice from the whole market, or a range of companies, or even a single firm. It also includes information about the firm being registered with the FSA, and how to make a complaint, should customers be dissatisfied. The firm will usually have their own 'Terms of Business' in addtion to the Key Facts. This will include more information about the firm. You can ask to see these documents at any time. Use the 'contact us' page to view these.

Your adviser will always endeavour to do the very best for you. Whenever you deal with a financial adviser you will receive details on the complaints procedures offered by the firm. If you wish you can request a copy of these procedures at any time. When the adviser is advising you on regulated products (including investments, insurance and mortgages) you have the protection of the Financial Ombudsman Service (FOS) and the Financial Services Compensation Scheme (FSCS). If you are unhappy about the advice or service you have received you should firstly contact the firm that provided the advice or service. This gives them the chance to put things right and/or to provide their own version of events. Should you remain dissatisfied you can refer your complaint to FOS who will investigate the complaint independently and make a ruling. FOS work with customers and financial advisers to resolve a complaint, and when they do have to make a ruling it is binding upon the firm. If you try to contact a firm about with a complaint, and the firm is dissolved, or unable to meet its obligations you may have recourse to the FSCS. This is a service funded by all the companies within the industry to protect customers where firms have closed or gone into liquidation.

Some financial advisers do give advice on products that are not regulated by FSA – such as buy-to-let mortgages or general taxation advice. Your adviser will explain to you when you are receiving advice on an unregulated product. It is important you are happy with the advice as you do not have the added protection of FOS or FSCS when dealing with some unregulated products.
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