Savings and Investments Case Study

Client Objectives

This client came to see me with a number of different insurance policies in place that he thought could be excess to requirements. Meanwhile he wanted to start saving to buy a holiday home. He had nothing in place at that time.

Work Carried Out

I looked at the various life assurance and income protection policies that he had in place. As expected he didn’t need the levels of cover he had and with so many different policies he didn’t have the right ‘shape’ of policy either. We therefore put in place one new life policy and one new income protection policy that matched his current circumstances. The other policies were cancelled. This saved the client £200pm.

With this money and additional savings, I set up a new stocks and shares ISA for him and his partner into which they could make regular monthly contributions.

Having assessed the level of risk they were comfortable taking, the timeframe for the investments and their willingness to be involved with the choice of investments, I then recommended an ISA provider for them and also a mix of investment funds into which they should invest their regular contributions. The combination of investment funds together were assessed to make sure that the overall risk matched that of the client.

Value to the Client

The couple now have a regular savings plan in place that is building up their savings in a tax efficient way. The ISA provider is very easy for them to use and access information and the whole process proved very simple.

The client is now able to increase or change his levels of regular savings and will be able to access them easily once he finds a holiday home he’d like to buy.

Insurance Case Study

The client came to see me with 7 different policies. He had 3 joint life assurance and critical illness policies, a family income policy, and an income protection policy. The client had recently re-mortgaged his property and had a new 25 year mortgage term. He was self-employed and also needed insurance to cover him if he couldn’t work due to illness…

Pension Savings Case Study

This client came to see me to seek advice on how much she needed to contribute to her pension. Her company were making employer contributions into a company pension. She wanted to know whether she should and how much she should be contributing in order to achieve her desired income in retirement. She had one other pension with a previous employer. She was married with two young children.

Retirement Case Study

This client came to see me with 7 different pensions. He was a few months away from his 65th birthday and ready to retire. He’d received a lot of documents from the pensions companies but didn’t really know what to do with it all.

His objective was to cover his monthly outgoings in retirement and then have enough to be able to enjoy life in the next 10-15 years. He wanted someone to work out his best options…

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