Following the government’s 2012 Retail Distribution Review (RDR) hundreds of thousands of people realised that the ‘free’ financial advice they had been receiving was nothing of the sort.
RDR left 15.8 million people with no access to financial advice 1 or facing punitive fees.
|Investment||Initial advice/set up £11,000 ISA||£358|
|Investment strategy on a £50,000 investment||£1,500|
|Retirement Planning||Advice on an £80 per month pension contribution||£450|
|In retirement||Converting a £30,000 pot into a lump sum and an annuity||£675|
|At retirement advice on £100,000 pension pot||£2,000|
Following the 2015 pension freedoms, and with technology as the enabler, it is now estimated that 23 million people in the UK are taking at least some control of their finances 2 and DIY Investor is here to help.
DIY Investor delivers information to experienced investors and education to those new to savings and investment.
The number of financial advisers fell dramatically, and as a result 6.5 million clients 3 were ‘orphaned’ as they were unwilling to pay £150 per hour 4 for advice or were ditched as being unprofitable by their adviser because they had less than £100k to invest.
1 Heath Report November 2014
2 Atomik Research August 2014
3 Deloitte Survey 2014
DIY Investor is for anyone who wants to learn more about investing and establish their own financial plan.
Pay off debt
Give your children a financial head start
Build a rainy day fund
Buy a property or pay off a mortgage
Plan for and thrive in retirement
Pay for a car, holiday or wedding
DIY Investor seeks to increase levels of financial literacy and demystify the jargon around investment products
Understand your attitude to risk
Set your financial objectives
Build a balanced investment portfolio
Learn from industry experts and commentators