Independent Wealth Management
Call us on 01276 517700 or email advice@professional-wealthcare.co.uk
If you are retired, what do you wish you had done differently? If you’re not yet retired, wouldn’t you be interested to know what retired people wish they had done differently?
We recently received an enquiry from someone whose financial adviser had disappeared. The adviser in question used to be an IFA with Inter-Alliance. It occurred to me that this must be an occasional problem for people. You see, financial services companies have come and gone over the years. In fact, I spent four years of my career with Inter-Alliance before setting up Professional Wealthcare in 2001.
I’m sure we all want to give our children the very best, but my observation is that many parents are storing up problems for the future. Let me explain:
You may have seen the adverts on national television for Unum Income Protection.
Do you know that if you are a smoker or have a medical condition such as diabetes, high blood pressure, heart disease or cancer, then you could receive a higher retirement income?
Depending on your medical situation, an enhanced annuity could give you up to 40% higher income than a standard annuity, guaranteed for life.
When discussing retirement planning with our clients, a great deal of attention is always given to fund choice and the corresponding past performance figures.
However, it is important to remember one of the fundamental reasons why pensions should be the investment of choice for retirement planning.
Unfortunately, you’d soon find out if you became too ill to work. You might be surprised to find that Statutory Sick Pay is only £81.60 a week. These days, that’s just about enough to fill up the average family car.
Against a background of political wrangling about pension reform, a growing number of UK individuals face an uncertain – and uncomfortable – retirement.
The following article is quite abrupt and to the point. It is difficult to write about some of the basic, yet important issues surrounding retirement planning without perhaps touching some nerves. So if you’re easily offended, please move on. My objective here is to help people to understand retirement and to successfully plan ahead for later life. This involves waking up to some serious issues. So please read this in the spirit it is meant and please don’t shoot the messenger.
The Government have recently announced draft regulations for the new Junior ISA. This is due to be launched on 1st November 2011. If you are considering saving for your child or grandchild, you should be aware of this new tax efficient savings opportunity.
Barry from Professional Wealthcare in Camberley has provided my family and I with expert financial advice for a number of years now. His practical, down to earth approach is very much appreciated as it can be quite a dry subject. He has advised very knowledgeably, on a wide range of related topics such as mortgages, insurance and pensions and has been an absolute pleasure to work with. I would happily recommend Barry to anyone.
Brian Davies
