When I review financial plans for my clients, I generally have three clear objectives.
- Saving them money
- Improving benefits
- Ensuring that the plan remains appropriate
Saving money requires no explanation, but is obviously always well received.
The improved benefits I’m referring to may be protection benefits. For instance additional cover may be bought for a similar cost. They also may be investment returns by way of access to better funds. It usually doesn’t take me long to establish where improvements can be made. It’s not always possible to improve on an existing arrangement. For instance I often come across pension plans that include valuable guarantees that the policyholder was unaware of. For these people they have the peace of mind of knowing that their plan has been reviewed and it’s in the best possible place.
Sometimes I meet people that have plans that are really not appropriate. They may be investing in completely unsuitable funds. They may have too much protection, or may need to consider putting plans into Trust.
If you would like to have your financial plans checked over, please contact us.
