British expats, your financial adviser may well be a bandit - FT.com:
"Today’s UK regulated financial advice firms bear no resemblance to the product-focused, commission-based sales operations which were widespread in the 1990s and 2000s. Despite its shortcomings, UK retail financial advice today is widely considered to be among the best regulated in the world. But the task of finding good advice beyond these shores remains a different matter.
A few years ago the UK regulator set the financial adviser minimum threshold qualification at level 4 (similar to the first year of a degree). The benchmark that most companies insist on these days, though, is level 6 (such as chartered or certified financial planner). These higher level qualifications are not easy to acquire. And the continuing professional development obligation for UK-qualified financial advisers is now more onerous than for most lawyers and accountants."
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