Financial Planning Week

Financial Planning Week 2019

From the 7th to 11th of October, Financial Planning Week takes place, intending to improve the UK’s financial fitness and encourage people to ‘plan well to live well’.

This national incentive, started by the Chartered Institute for Securities and Investment (CISI), also promotes the importance of financial literacy and highlights the benefits of using a financial adviser.

What is financial planning?

Financial planning is not just about having a pension or an ISA. It is a continuous process of informed decisions about, and with your money. The choices you make can help you to achieve different goals in your life. These might include; buying a house, planning for retirement or simply looking at ways to improve your current financial situation.

What are the benefits of financial planning?

A recent study revealed that 46% of people state running out of money as their biggest concern for retirement, while 21% of people state funding their long term care as theirs*. Having a tailored financial plan in place can give you peace of mind that your finances can support you as you enter retirement, allowing you to enjoy the lifestyle you have always wanted and also afford any medical care you may need. A financial plan can also help you plan for other life events, including paying children’s school or university fees, or identifying if your finances can also give you the room to have more money to spend on changing your car every 3 years for example. And research shows that those who work with a financial planner are an average of £40,000 better off than people who have not taken advice**.

Do you need to speak to an adviser?

There is a vast collection of information and tips available online that can help you understand how to improve your finances, but this information often also causes confusion.

Whatever your circumstances, you could benefit from a conversation with an adviser. Speaking to a qualified financial adviser can help you form a realistic and complete understanding of your finances, empowering you to feel more in control. Additionally, talking to an adviser may provide you with a greater understanding of financial terms and products.

In line with the aims of Financial Planning Week, we would encourage the public to consider the benefits of speaking to an adviser, especially if you have long term financial goals for your savings or planning your retirement. You may benefit from the ongoing advice and coaching from an adviser who can periodically review your finances and your circumstances, and manage these as tax-efficiently as possible.


If you would like to learn more about how we can help you with financial planning, our expert financial advisers can discuss your options and work with you to put a personalised plan in place. Contact us today to book a no obligation initial meeting at no cost to you.


*Planning for a brighter tomorrow: The state of the nation’s retirement finances https://www.fosterdenovo.com/my-resources/whitepaper-planning-brighter-tomorrow/

**The 2017 Value of Advice research report. Standard Life March 2018 https://blog.standardlife.co.uk/the-real-value-of-financial-advice/

***Money worries have left two in three Brits worried about loved one’s mental health https://www.moneyadviceservice.org.uk/en/corporate/press-release–money-worries-have-left-two-in-three-brits-worried-about-loved-ones-mental-health

Information correct as of 4th October 2019

 The Financial Conduct Authority does not regulate taxation and trust advice.

The value of your investment can go down as well as up and you may not get back the full amount invested.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

There will be a fee for mortgage advice which will depend on the amount you are looking to borrow, your requirements and circumstances. Our fee is typically £495 and we may also receive commission from the lender.

 The Financial Conduct Authority does not regulate some aspects of buy-to-let mortgages. Accessing pension benefits early may impact on levels of retirement income and is not suitable for everyone.

You should seek advice to understand your options at retirement.