Exam Success For Emily and Lily

Financial Advice Sutton Coldfield
L: Emily Walker, Mortgage & Protection Adviser R: Lily Jackson, Paraplanner

Congratulations to Paraplanner, Lily Jackson and Mortgage & Protection Adviser, Emily Walker on passing their Unit 4 Pensions and Retirement Planning examination. Emily and Lily are a dynamic duo when it comes to studying for their professional qualifications. Although they study independently, they are able to clarify things with each other and keep each other motivated which are the main benefits of studying and taking their exams at the same time.  They both have two examinations left to pass in order to achieve the Diploma in Professional Financial Advice.

Both Lily and Emily said that this examination was hard because of the sheer size of the syllabus. They were required to know in detail about current pensions and historical products that are no longer available, taxation in respect of pensions and retirement planning, the aims and objectives of different products including State and private products.

Lily, who has worked in the financial services sector for a long-time and has a great deal of experience said “The volume of what candidates are required to know made the revising quite daunting, but I have been dealing with pensions for many years and it is a subject I feel comfortable with but legislation has changed a lot and continues to change and I need to ensure that I keep up to date.” As a Paraplanner Lily works closely with our team of financial advisers who provide financial advice in Sutton Coldfield and surrounding area.

Mortgage & Protection Adviser, Emily said “The syllabus was interesting but this was the hardest examination we have taken to date. The need to know about current and historic pensions and the tax regime in relation to pensions and retirement planning means that you need a huge amount of knowledge to pass the exam. It is a big relief to have done it.”

Lily and Emily have already started to study for their next examination which is on Investments. Congratulations and well done to both of you.

Our Team Night Out At The Ruby In Lichfield

We believe it is important to get together outside of work and recently had a fantastic evening at the highly regarded restaurant, The Ruby in Lichfield. Most of our team were able to attend, and this included our admin, Paraplanning and support staff, as well as our team of financial advisers who provide financial advice in Sutton Coldfield and across the Midlands.

The next day MD, Martin Ward was hiking up Snowdon to raise money for the Stroke Unit at Birmingham Heartlands Hospital, so we held a raffle for two tickets to the Panto at The Garrick Theatre and raised over £40 in addition to what had already been donated via Just Giving. The staff at The Ruby looked after us very well. We have a few people with special diets and they were well catered for and the food was amazing as usual. We may be visiting more often as the family of our new Protection Adviser, Wai-Lee Ho own the restaurant.Financial advice Sutton Coldfield

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Getting Pensions Advice In Lichfield Could Impact Your Retirement Plans

Pensions Advice LichfieldNo aspect of your finances should be left alone and shoved in a drawer. In this day and age everything connected to your financial planning, and especially your pension, should be reviewed on a regular basis by a qualified pensions adviser who provides pensions advice local to Lichfield or near to where you live.

If you have a pension with an old employer you may think that you have got your retirement planning sorted.  To be absolutely sure, it is prudent that you ask a local retirement adviser, such as one of the experienced financial advisers in our team in Lichfield, to undertake a review.

You may not know about all the changes that have occurred in the pensions arena in recent years. You could find that your old pension incurs more charges than a modern pension, or that your loved ones will not get your pension should you die.  Pensions advice in Lichfield is a real must do.

Let’s explore in a little more detail what might happen if you die. If you have an older-style pension you could find that when you pass away your pension just stops being paid and the pension company gets what is left in your pension pot.  With a modern pension plan if you die your family should get what’s left and they will get it in an Inheritance Tax friendly way. That’s just one reason to get pensions advice in Lichfield.

With an old pension you may find that the funds the pension is invested in are no longer the right ones for you, or that it isn’t flexible and drawdown friendly.  If you are not familiar with the word drawdown, this is another way to get your pension rather than buying an annuity, which is how most older-style pensions are set up.

Did you know that you can have your pension reviewed at any time? And, if it is appropriate for your circumstances, you can decide to transfer your pension to a plan that is more suitable for you.

If you have not had an old pension with a former employer reviewed ever, or during the past few years we strongly suggest that you get pensions advice in Lichfield.

The value of pensions and investments and the income they produce can fall as well as rise. You may get back less than you invested.

Transferring out of a Final Salary scheme is unlikely to be in the best interests of most people.

The Financial Conduct Authority does not regulate on Estate Planning.

Lisa Arnold Receives Quarterly Recognition Award

Financial Adviser LichfieldEvery quarter as a team we give special recognition to someone who has made a positive contribution to the business. For the quarter April to June 2019 we are delighted to announce that the recipient of the Quarterly Recognition Award is Financial Administrator, Lisa Arnold.

Owing to unforeseen circumstances, Lisa willingly and ably stepped up-to-the-plate taking on additional work which included ensuring everything was in place for the re-brand of the network we belong to, which took place on 1st July. Lisa has also taken on extra liaison and monitoring duties for compliance matters.  This involves working closely with our Financial Advisers who provide financial advice local to Lichfield and our in-house support teams. This work can be complex and time consuming.

“It is no hardship doing any job that needs doing”, says Lisa “Especially when this helps our clients or my colleagues. I feel really appreciated though; this is a really nice ‘thank you’ from everyone.”

Well done and thank you Lisa!

Charlotte Holmes Returns From Maternity Leave

Financial Advice Sutton ColdfieldWe are so pleased that Charlotte is back with us in our Client Support team. Following what Charlotte has described as an extremely difficult pregnancy, she is back in the office working one day per week, and has actually returned after nine months, three months earlier than originally planned.

Returning to her existing role, supporting our financial advisers who provide financial advice in Sutton Coldfield; over the next few weeks Charlotte will be getting up to speed with the new processes and procedures put in place whilst she has been away. From 1st August she will be working 3 days per week, and her ambition is to become a mortgage and financial protection adviser.  She has already passed one examination and will be joining colleagues in the Four Oaks Financial Services Training Academy to continue her studies.

Charlotte says “It is nice to be back at work! Everyone in the company has been so supportive during an extremely difficult pregnancy with more issues than usual. After working full-time, it was strange being away, it was almost like being away from family. I am really pleased that I have been offered a gradual return to work. Everyone is brilliant to work with, so I wasn’t worried about coming back at all.”

Charlotte kept in touch on a weekly basis with the Client Support team and also saw them socially and she also brought baby Olivia in to see us on several occasions. Good to have you back!

Announcing Protection Adviser Sue Cassar Has Joined Our Team

Financial Advice LichfieldWe are delighted to announce that Sue Cassar has joined our team as a Protection Adviser. Sue has worked in the Financial Services sector for many years.  She has a background in financial education and was a regional manager at the Financial Conduct Authority formally known at the Financial Services Authority and the Money Advice Service, now the Money and Pensions Service. In this role Sue worked with FTSE 250 businesses and Councils and third sector organisations across the Midlands.

Sue had looked at becoming an Adviser some time ago, but did not find a firm that shared her values and ethics. Hearing that we had an opportunity for an Adviser, and knowing us by reputation, she met with MD Martin Ward and we are very pleased that she has joined us.

“I decided to join the team at Four Oaks Financial Services because of the flexibility and support that is on offer to Advisers and because of the way they work with clients.” Says Sue “My colleagues share the belief that financial services is not about selling products, it’s about the person we are helping, and what they want to achieve. As a Protection Adviser I am working with clients who want to protect the thing that is most important in the world, their families.”

In her spare time Sue keeps fit line dancing, and her claim to fame is that her uncle was a member of The Shadows before they got famous. Apparently, it was her Grandma’s opinion that there was no future in the band for him!  Welcome to our team Sue!

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Thinking Of Paying Off Your Mortgage Early? Talk To Your Financial Adviser First

Mortgages Sutton ColdfieldAccording to research from Santander overpaying a relatively small amount each month on your mortgage repayment can save thousands of pounds and take months, if not years, off your mortgage term.

We are not saying that this is too good to be true. But there may be rules attached and other things to consider, which is why we highly recommend you talk to your financial adviser who provides local financial advice in Sutton Coldfield and across the Midlands.

You will need to check if your mortgage plan allows you to make overpayments or if there is a limit to the amount you can overpay. Possibly more importantly if you are on your lender’s standard variable rate, they tend to be expensive and you could be paying more than you need to each month.  You may want to ask your financial adviser to review your current mortgage as there may be a better rate and overall deal for your specific circumstances.  Also, if you are planning to repay your mortgage because of a property sale or inheritance there may be a penalty for early repayment.

Think carefully before securing your debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

You can talk to your Financial Adviser about any issue related to mortgages. Contact our Client Liaison Team on 0121 323 2070 to make an appointment.