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Posts by: haleema

Sneaky general insurance money tricks

Like the majority of the population, keeping an eye on the household bills is essential, as money is tight, with none to waste on expensive services or “stuff” I don’t need! I got the renewal notice for my house and contents policy and was a little startled to see that if I did nothing the policy would be renewed automatically,…

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“Noise and fury signifying nothing”

There has been a lot in the press about “capping” the fees within occupational pensions; just in case you have missed the noise and fury, here are a few examples:-. http://www.bbc.co.uk/news/business-24736960 http://www.telegraph.co.uk/finance/personalfinance/pensions/10411686/Rip-off-pensions-Charges-to-be-capped-at-0.75pc.html http://www.telegraph.co.uk/finance/personalfinance/pensions/10413446/Excessive-pension-fund-fees-capped-by-minister.html Do I think this is any more than playing to the press galley? Unfortunately not, it is quite a long time since I have advised on an…

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My business is my pension! – will that end well?

I went to a Prudential presentation on Tuesday at the National Motorcycle Museum that was designed to flag up the issues for business owners that are looking for a prosperous retirement, despite the uncertainties that will undoubtedly surround them. The Pru had imported an external tax and business specialist, who put up a number of slides that make perfect, painful…

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Grumbling in the press; annuities, is there a viable alternative?

Over the last few weeks there have been a number of articles in the press complaining about the very low levels of income available from annuities when people surrender their pension funds. If this hullabaloo has passed you by, here are some examples from The Telegraph:- http://www.telegraph.co.uk/finance/personalfinance/pensions/10355399/Pensioners-tricked-into-a-lifetime-of-lower-income.html http://www.telegraph.co.uk/finance/personalfinance/pensions/10343841/Proof-why-annuities-are-often-the-worst-option.html The choices at retirement are dependent on how much pension fund you…

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Auto-Enrolment: Our new appointments

Following a new marketing initiative, I have been going out to employers talking about the process to set up or modify an existing scheme to meet the requirements of Auto-Enrolment. For those employers who have been locked in a cave for the last 18 months, there is now a need for all employers to arrange for a company based pension…

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How long have I got? Exercises in longevity

My 50th birthday came up with indecent haste; as so common with the middle aged, thoughts of life and death start to peek out between the curtains. Cardiff Metropolitan University have a longevity calculator, which suggests for me a lifetime to 85 and 35 years to go. http://www.uwic.ac.uk/shss/dom/newweb/lifestyle/age_expectancy2.htm The scary information is where you start to play with the data…

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Final Ambitions; how are yours coming along?

A wise man once told me that his final ambition was to be shot to death at the age of 92 by a jealous lover. So what has that got to do with financial planning? What ambitions do you have and how do you intend to pay for them? The first line assumes a long, healthy life and sufficient money…

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More dodgy directories!

The fax machine spat off another dodgy directory update form with a slightly concealed annual charge of £765 if you wanted to add some basic details. I am old enough to remember the “carbon paper fraud”, which has died out now, so I would guess “The Directory that Never Was” is the modern, Internet savvy replacement. For those of you…

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Joining the dots in life

In the last few days, I have had a few occasions where I have been reminded of the IFA’s role as the glue joining together our clients with other professionals in the wider community. Last Thursday, I met a long established gay male couple who want to remortgage their house, set up some protection policies and sort out their pensions….

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A very clever fraud attempt – reading between the lines

So, here goes another fraud attempt. However, a very believable fraud attempt, if you do not read between the lines. I received a printed fax from Delta Score & Rating Agency – verified information you can “trust”. First of all, it is clear that there is no specified company name that wants this information from you. Additionally, I scanned the…

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