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Financial distress |
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Financial distressEvents preceding and including bankruptcy, such as violation of loan contracts.Financial distress Similar MatchesFinancial adviserFinancial adviserA professional offering financial advice to clients for a fee and/or commission. Financial supermarketFinancial supermarketA company offering a wide variety of financial services such as a combination of banking services, stock, and insurance brokerage. Financial plannerFinancial plannerA professional person qualified to give clients financial planning service. Financial Services Compensation SchemeFinancial Services Compensation SchemeThe Financial Services Compensation Scheme is the sole financial compensatory scheme. It was set up by the Financial Services Authority (FSA) in December 2001, and replaced:Building Societies Investor Protection SchemeDeposit Protection SchemeFriendly Societies Protection SchemeInvestors Compensation SchemePIA Indemnity SchemePolicyholders Protection Boardhttp://www.fscs.org.uk Institute of Financial PlanningInstitute of Financial PlanningThe UK professional body committed to the development of financial planning. The Institute was set up in 1986 and draws its members from accountancy, insurance, taxation, stockbroking, education and legal professions. Its stated objectives include 'promotion of the profession and practice of financial planning, increasing public awareness for the need for financial planning, creating of recognised professional qualifications for members, ensuring professional standards through a Code of Ethics and screening of new members, encouragement of education in the theory and practice of financial planning and the sharing of knowledge with other professionals'. A financial planner may be from any relevant professional background.To obtain Associate status a planner must hold a relevant professional qualification such as the Advanced Financial Planning Certificate (AFPC) and have three years related experience. Fellowship is available subject to the passing of a further examination and a longer period of experience. A list of Certified Financial Practitioners is established in the 'Registry' and is available to members of the public from the Institute. These practitioners are independent and are obliged to offer a fee basis. They must be prepared to offer a financial planning service separate from investment business if requested by a client. Reference to a Certified Financial Planner would usually be relevant to people seeking a higher level of advice or those with more complex requirements. Further SuggestionsFinancial pressIndirect costs of financial distress Financial account Financial asset Country financial risk Nonfinancial assets Nonfinancial services Amman Financial Market (AFM) Financial Times Indices Chief Financial Officer (CFO) Statement of Financial Accounting Standards No 8 Society for Worldwide Interbank Financial Telecommunications Statement of Financial Accounting Standards No 52 Financial planning Financial Accounting Standards Board (FASB) Consolidated financial statement Financial capital Financial leverage Financial market Financial engineering Notes to the financial statements Financial tables Tokyo International Financial Futures Exchange Financial ratio Financial institution |
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