Pension reviews – the new timeshare scandal

Even those of us in the profession get phone calls offering a free pension review (I have also been told that my investments have underperformed and I am entitled to compensation, my life cover was not advised properly, and my mortgage was not set up on the right rate) recently, I had this call which went like …

“Hello, I am from the pension review service, and we are phoning to give  you a free review of your pension as it is probably underperforming”. Continue reading “Pension reviews – the new timeshare scandal”

What is a financial life plan ?

Here is a questions often asked – what is a financial life plan, and why would I need that as opposed to a financial plan?  

More and more consumers are understanding that there is a difference between the old way of financial advice (selling as many products as possible) and financial planning (where recommendations are able to demonstrate that they are relevant and appropriate for the long term).

So where is Financial Life Planning different? Continue reading “What is a financial life plan ?”

Cruising or Paddling Your Own Canoe ? That is the difference between pensions!

There is much talk at the moment around transferring pension benefits from Defined Benefit (Final Salary) schemes – especially in the wake of the British Steele pension issue.  It is a hugely complex area, one which requires high levels of care and consideration, and it is not just the financial issues to consider, it is a whole different way of planning around your pension and life. Continue reading “Cruising or Paddling Your Own Canoe ? That is the difference between pensions!”