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The financial advice revolution

What does the shake-up of financial advice mean for ordinary investors?

By Jay Elwes  

(photo: Michael Taylor)

As of January 2013, the way in which people in Britain are sold financial products and are given financial advice will change fundamentally. This may at first seem a trivial matter. However, the banks who are presently setting aside billions in order to pay off claims by consumers who were mis-sold payment protection insurance would disagree.

In increasingly uncertain times, with interest rates…

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