As a result, robo-advice was developed. Do you think it sounds like science fiction? Well, major financial institutions are starting to get in on the action. Royal Bank of Scotland recently announced that 220 of its staff could be replaced by robo advice. The trouble is, there are concerns that all investors could be placed in too broad an investment strategy that does not adequately cater for their investment needs or take into account their tax position, such as a likely inheritance. In addition, the existing online advice propositions still require investors to do a lot of decision making, such as picking which funds they want to be invested in.
In Spain you are lucky as you still have the opportunity to see a financial adviser without having to pay an up-front fee, thus rendering the service available to everyone. In these worrying and bewildering times it is essential – if you want to make the most of your money – to see a professional to give you guidance.
This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.
As we crest the wave into February, it would be safe to assume that some of January’s good intentions may have been washed away in the relentless flow of days and weeks that seem to pass ever more quickly. It can be tempting, if we haven’t made any significant progress with our goals, to just let them go for another year under the belief that frankly, life can be hard enough already.
When an expat is faced with the question of what to do with their pension, there are several options available to them. And it’s important to understand everything that could be beneficial for your pension pot because very few countries offer their citizens high standard pension systems, as shown by the latest Melbourne Mercer Global Pension Index, which ranks the pensions provided by the governments of 30 countries.