What you can expect from a pensions advisor?

No matter how young you are, it’s never too early to start saving for a pension. With a variety of saving options available, a pensions advisor can (more…)

UK has worst state pension in the developed world

A study by the Organisation for Economic Cooperation and Development (OECD) has found that the state pension in Britain provides an (more…)

Easing the complications with investment advice

Many people in Wirral are prosperous because of the strong local economy, and are therefore ideally positioned to benefit from (more…)

Wirral labour market maintains good state

The Office for National Statistics (ONS) provides information about the Wirral economy, and its recent Wirral Labour Market Profile report (more…)

How a financial advisor can save you money

Many people are put off going to a financial advisor because of the cost, but this is a false economy as an advisor can save you a lot more money than their advice costs.

Wirral business success

The Wirral region is a great place for business, and this is celebrated every year by the Wirral Business Awards. New and established business of all sizes are recognised, and the 2017 winners came from several business sectors, including tech companies, waste management services, food companies and consultants. The success of the winners and other expanding Wirral businesses has resulted in good financial returns to business owners and high salaries for employees that have made vital contributions to business growth.

Whatever your level of wealth, you can benefit from speaking to a Wirral financial advisor. The cost of advice can be offset by the extra wealth that can be achieved by following the plan a financial advisor creates.

What does a financial advisor do?

The first thing that a financial advisor does is ask you detailed questions about your financial situation. He or she will also ask you about your attitude to risk. This is so that the advisor can recommend financial products that are in line with the amount of risk you are prepared to take with your investments.

You will also be questioned about your short-term and long-term financial goals. You may be more interested in short-term income, or want to leave your money invested so that your capital accumulates.

The skill of the financial advisor is to match your financial goals and your risk attitude to the best financial products that will both protect and grow your wealth.

There are so many financial products available, it is difficult to know which are best for you without expert financial advice. If you try and work a plan out yourself, you could buy an unsuitable financial product that could grow your money at a less than ideal rate. Any income from investments could be less than you need, whereas the cost of financial advice can be more than paid for through maximising your wealth growth.

Your wealth plan

A financial advisor will create a wealth plan, which will include savings and investments to grow your money. To protect your wealth, insurance should be part of the plan.

Long-term financial planning will include saving for a pension income on retirement. If you own property and other valuable assets, estate management will ensure that passing on your wealth to your dependents after you die is made as smooth as possible.

If you are a high-rate tax payer, a wealth management plan will look at the various ways you can save tax so that you do not end up paying more than you should.

Discover more

Most people will benefit from professional financial advice. To discover more, book a free talk with an advisor at Endeavour Financial Planning, your local Wirral financial planning experts.

INVESTMENTS – THE VALUE OF UNITS CAN FALL AS WELL AS RISE, AND YOU MAY NOT GET BACK ALL YOUR ORIGINAL INVESTMENT

ESTATE AND TAX PLANNING ADVICE ARE NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY

Teenagers to be auto-enrolled in workplace pension schemes

The government has reviewed workplace pensions and announced that it wants to lower the age at which employees are auto-enrolled in workplace pension schemes from (more…)

OECD predicts slowdown in economic growth

The Organisation for Economic Co-operation and Development (OECD) has revealed a somewhat gloomy outlook for the British economy up to 2019, predicting that UK economic growth will slow down to 1.1%.

Brexit was not blamed by the OECD for the slowdown, but the organisation presumes that there will be a transition period after Britain leaves the European Union in 2019 and this will have an adverse economic effect. The OECD slow growth forecast is based on low productivity, inflation, the weak pound and consumer debt.

Wage growth is less than inflation. In the short term, the OECD expects that this will cause more consumers to dip into their savings, bolstering consumer spending for a while. In the long term, however, consumer spending may slow down.

The slowdown in economic growth is not confined to the UK, however, with the OECD expecting growth to increase only marginally in most world countries.

Financial experts have stressed that the OECD forecast may not be accurate. As Samuel Tombs of Pantheon Economics said:

“Forecasting for the UK economy in 2019 really is complete guesswork.”

If more British businesses invest in expansion, the actual growth of the UK economy could higher than the OECD predicts.

Individuals can achieve little to affect the management of the UK economy or their local Chester economy., but they can have control of their own asset management and invest in financial products that increase the growth of their money beyond the growth level of the British economy.

INVESTMENTS – THE VALUE OF UNITS CAN FALL AS WELL AS RISE, AND YOU MAY NOT GET BACK ALL YOUR ORIGINAL INVESTMENT

Source used: http://www.telegraph.co.uk/business/2017/11/28/oecd-unveils-gloomy-outlook-uk-economy/

British economy performing better than expected, figures show

The latest Office for National Statistics (ONS) figures on the British economy are better than many financial analysts predicted.

The (more…)

How pensions advice can keep you secure in retirement

It’s a sad fact that many people have not made adequate financial plans to enjoy a good retirement lifestyle. As life expectancy grows, many people in their eighties find themselves in poverty.

The Chester area has (more…)

The five steps of financial planning

Financial planning is the process of making decisions about your money, and there are five steps to financial planning with which a financial planning advisor can help you.

The generous nature of (more…)

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