The financial healthcheck is the money-equivalent of a reliable sat-nav. At Forward Plan we help you to see where you are now, and then help you get from A to B by the best route for you. In detail, we’ll help you and your family identify your immediate financial priorities and then to plan for your future, whether that is to build up funds or simply to protect what you’ve got. The financial healthcheck is unbiased.
Many people recognise that to achieve better long-term protection for their money against the effects of inflation, it is often worth considering stock market related investments. These can be invested through financial products such as Individual Savings Accounts (ISA), Investment Bonds and Unit Trusts. These tend to use funds which invest directly into company shares, commercial property, Government or Corporate debt (known as Fixed Interest) and other investment instruments, both nationally and internationally. Please note that investments do not include the same security of capital which is afforded with a deposit account.
When choosing what investments are suitable, the main areas of consideration are your attitude to investment risk – are you prepared to accept the value of your investments may fall, the tax efficiency of the arrangements, what level of access is required, performance, your objectives and the charges to meet your requirements. If the cost is too much, it’s not sensible to proceed. These factors need to be considered now and in a variety of possible futures. The aim is to provide simplicity and flexibility whilst maintaining a good return. The secret of investing is to diversify your portfolio.
As with investments careful consideration needs to be given to which savings product should be taken out. With interest rates at historic lows, many providers draw you in with a “high” initial interest rate, often with a short term bonus, and then rely on apathy to change this when the bonus ends.
At Forward Plan we can review the market to see which institution is offering the best interest rates and what the terms are. We can help you choose the best savings product for you again taking into account access, term, tax efficiency and what you may get back, whether this be for a rainy day fund, house deposit, wedding fund, school or university fee funding or just for a great holiday.
And it doesn’t just stop there! The ethos of Forward Plan is to provide on-going advice over many years, and dependent on your circumstances we will regularly review your policies and investments as part of our service to you.
Forward Plan IFA Ltd
Authorised and regulated by the Financial Conduct Authority. We are entered on the FCA Register No 572891 at