Vulnerable due to the lack of protection

What is the most satisfying outcome and at the same time the most challenging to deal with?  It’s the late night call from a family whose main wage earner has been injured or taken ill, worried about paying the bills.

Self-employment is now increasing and with it the amount of families who are made vulnerable due to the lack of protection.  Being able to tell the family that the income protection or the life assurance are in place can at least stop them worrying about losing their home.

The last thing anyone with a major health condition needs is to worry about debt.

I became a financial services professional motivated by a need to do something to change outcomes for people.  Having experienced, at close hand, what happens when the protection is not in place.

My profession gets more complex by the addition of pension freedoms, ISAs and General Investment Portfolios but at the core it’s about making certain that money is in the hands of the right people when it’s needed.

Over the years I have dealt with claims for Critical Illness and Income Protection.

I do not remember anyone saying that it was too much.  On the contrary the majority say I wish I had more.  The job of a good adviser is to ensure it’s sufficient and that the premiums are affordable.

Interestingly, very few people can tell me how long they get paid when off work sick, yet they usually know how much holiday they are entitled to. Yet to protect those holidays for the future, you need an income.

One of the Income Protection providers we use is The Exeter and I would like to share one of their claim stories.

Please read it, and once you have, pass this on to someone you care about : Adams Claim Story – 2017-2420

New Year’s Resolution – 2017 and beyond

2017withchristmasball02Not so much a New Year Resolution as an affirmation of our business principles. Principles that, unlike the usual resolutions, will last an entire year and beyond.

1        A commitment to good client outcomes. Ensuring that clients benefit first, the firms interest taking second place

2        Clients have an opportunity to make a difference as well as make money.

3        Our fees are good value. Clients get what they pay for and their expectations are exceeded

4        We support women.

5        We stand up to the bullies.

A commitment to good client outcomes, unlike some other organisations who still work to targets meaning that the selfish adviser is rewarded, even when they can damage the firm’s reputation and disregard the best outcome for clients.

We match the clients principles and values, by taking time to understand them. Profit comes from sustainable business models. 

All fees are agreed in advance.

We believe that, in a male dominated sector, women bring a different perspective.

We are brave enough to challenge the received wisdom. 

Whilst being a small firm, we achieve better outcomes by tailoring our advice to the client’s needs and wants.



The PFS Annual Conference

In any profession is important to share with other professionals, exchange ideas and learn … Read more…

Increase in Will Disputes Attributed to Rising Property Prices

It has been reported that the increase in the number of children involved in inheritance disputes has been fuelled by rising property prices.

As the value of property has soared during the last decade, the estates of ‘ordinary’ families have become more likely to prompt inheritance disputes as families go to war over the division of assets. The High Court saw 116 cases of children challenging their parents’ estates in 2015, compared with 104 in 2014 – an 11% rise.

One reason for this surge is due to the rise in more complicated family structures which has led to more relatives, such as stepchildren, expecting to benefit from the estate.

There has also been an increase in cases where children challenge charity donations. This may be due to increased life expectancy which means it is becoming more common for parents to die when their children are middle-aged and assumed to be comfortable financially. If their children are perceived not to need as much financial help, parents may be more likely to make alternative arrangements for the distribution of their assets – to friends or charities, for example.

The children of the deceased can make a claim under the Inheritance Act if they feel reasonable provisions have not been made for them. There is also an option for those who were treated as the deceased’s child to claim against the estate, even if no formal or legal arrangement exists – such as when children have been adopted or fostered.

Tom Curran, Chief Executive at Kings Court Trust said: “Unfortunately, we do see family disputes over inheritance and it highlights how important it is to ensure your Will explicitly states how you want your estate to be distributed.

By ensuring that your Will is clearly and professionally written, your estate can be dealt with as smoothly as possible and reduces the likelihood of loved ones being unintentionally excluded when it comes to their inheritance. It is important that people understand the benefits of planning ahead, regardless of our age or health.”

Your Estate