Ulster Bank can say “It wasn’t me” all they like, but we know it’s just not true

Ulster Bank can say “It wasn’t me” all they like, but we know it’s just not true

Thousands of tracker mortgage holders are finally having their original rates reinstated. This week I look at the various compensation packages from the lenders, and at whether much has changed for the consumer when dealing with the financial services industry in the aftermath of the scandal.

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Complexity Does Not Add Value When Investing

Complexity Does Not Add Value When Investing

I had quite a reaction to Peter’s story last week, so much so that I thought I would look a little more deeply at the questions it raised and specifically at how a life company can afford to pay an intermediary €27,300 for Peter’s business. In so doing, I am touching on just one of the many conflicts of interest that are a feature of the financial services industry.

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Increased Standards in Financial Services Start With You

Increased Standards in Financial Services Start With You

I came across a case two and a half years ago that crystallised my view that the financial services industry is made up of product sellers acting in their paymasters interests in the first instance. Let me tell you about Peter, who got a 20-minute meeting with a broker about one of the most important decisions in his life. Nothing has changed in my mind since then. Stick with this, it’s a long one today.

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Beat the stockbroker at his own game

Beat the stockbroker at his own game

You may have noticed the absence of The Sunday Supplement on Sunday morning. We had a technical glitch, so here it is two days later! This week I explain why the stockbroker model for long term investing is flawed. If you have shares, or want to invest in shares, there is a far more fundamental thing you need to do before you open an account with one of the stockbroking firms in Dublin 2.

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Lost at sea

Lost at sea

I talk a lot about the importance of clearly understanding your objectives when it comes to effectively managing your financial affairs. Sometimes though, we cling to a goal without really thinking it through. We may not give any thought to what achieving this goal will actually do for us. This morning I’m sharing a simple story I came across, which illustrates the benefits of thinking through goals.

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