Financial Planning Week 2021

This week is Financial Planning Week so what better time to look at the reasons why financial planning is so important.

This annual campaign is organised by the not-for-profit professional body the CISI, it is a national initiative to help the UK public to feel more confident about their finances. We are offering free financial planning surgeries this week which will help you to feel more confident and secure about your finances and future. To book your slot email today.

Why go for financial advice?

In the current environment it’s more important than ever that you’ve got someone who can help you look after your finances.

We no longer use a mangle to dry our clothes, send messages via fax machine, or rent videos from shops. Likewise, financial advisers no longer just want to sell you some insurance – they are focused on delivering the best outcomes for you and your family.

So what DO they actually do and why should you consider speaking to one?

How a financial adviser could help you:

1)      Personal and tailored advice – a financial adviser will find a solution that’s right for you, rather than just hand you an off-the-shelf, one-size-fits all solution. They’ll ask you questions about you, your job, family and lifestyle to get a full picture of who you are and what you really need – whether you’re a first-time buyer, a business owner, starting a family, or preparing for retirement.

2)      Knowledge of the market – an independent financial adviser isn’t tied to a particular bank or provider, which means they can research the whole market to find the right product for you. Because of this, they could have access to products that are more suitable for you than those available online.

3)      Peace of mind – a financial adviser will find out what financial products you already have, even if you’re not sure where the paperwork is. They’ll look at what financial support your employer provides, and confirm what you’re entitled to from the state. They’ll tell you where the gaps in your finances lie so you only buy what you need to. And they can advise you on things like tax and trusts, which many of us can find complex. Talking to a financial adviser will give you the peace of mind that all your needs have been considered.

4)      The buck stops with them – with something as important as your finances, you don’t want to worry that you’ve got it wrong. A financial adviser, on the other hand, is a specialist in this area. They’ll keep up-to-date with the latest products and changes in the market, and take responsibility for making the best choice on your behalf.

5)      Practical help – when you start to take your retirement income or if you ever need to claim on any of your protection plans, your adviser will help you with this. Whether that’s making the initial claim, or following up with any paperwork for you. It’s an adviser’s job to support you throughout your partnership with them – and that includes the aspects that can often be more difficult for you during an emotionally challenging time.

6)      Proactive support – a financial adviser can provide ongoing support to make sure you’re on track to meet your objectives. For example, you may need to alter how much you’re saving in your pension or how much income you’re taking from your pension because your circumstances change.  Or you may need to make a claim on your protection policy.  Rather than leaving you to manage this yourself, your adviser can make the relevant changes so your plans are always valid and up-to-date.

7)      Save you time and money - Good financial planning and advice will guide you towards the best and most cost-efficient solution for you. Whether this means saving money or helping you fund your future through investment, seeking professional advice will save you the time and energy of trying to filter through the various options and products that are available to you online.  And new research.

It’s true that we can buy so many things ourselves online now, without having to go through a middle man. But when it comes to something as important as our finances, it pays to go to an expert.

Get in touch to book your free, no obligation financial planning session now.

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News & Views

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