Smart Money magazine is a fully personalised and branded consumer-driven personal financial planning client publication. Sent to key clients, professional intermediaries and prospects, every issue will enable your business to improve client communication, raise brand awareness, develop greater marketing efficiency, enhance client retention and increase sales - all of which are becoming increasingly important, particularly in the light of Treating Customers Fairly (TCF) and the Retail Distribution Review (RDR).
Goldmine Media has been publishing Smart Money magazine for over a decade and every issue features timely and accurate editorial combined with intelligent design. Whether you are a financial adviser, wealth manager, accountant or solicitor, every issue will provide you with the perfect marketing solution to engage more effectively with your business audiences.
The front cover of Smart Money magazine features your business logo and company name printed in your corporate colours and also includes your contact details and regulatory statement. At no additional cost you can change the title name to make every issue even more bespoke and relevant to your business.
This document provides information about planning for retirement, including:
- Aiming to save two-thirds of your expected end-of-career income to maintain your lifestyle in retirement.
- Starting to save early takes advantage of compounding returns to grow savings over time.
- As retirement approaches, preserving savings and ensuring investments keep pace with inflation becomes important.
- People should ensure their pension plans are on track to provide sufficient retirement income.
Life insurance serves as the foundation of family financial security by providing benefits in times of loss. It allows loved ones to focus on grieving by paying for final expenses, provides funds to pay off debts and replace lost income, and creates opportunities by funding education or new businesses. Proper planning is needed to ensure the right type and amount of coverage is in place to protect families financially even if something were to happen.
This document discusses retirement planning options for those close to retirement. It notes that people are living longer, placing more pressure on pension provisions. There are now many more retirement product choices than in the past, making planning more complex. The document outlines some common retirement product options available to those close to retirement, and recommends that clients read an accompanying retirement planning guide to better understand their personal circumstances and options.
Across the Spectrum Newsletter September 2010Michael Doyle
The document discusses recent pension reforms in France and Luxembourg. It recommends clients consider joining their company's occupational pension scheme if the company matches contributions. It also notes that additional private savings are typically needed since pensions alone may not provide sufficient retirement income. The author offers to meet with interested clients to discuss their individual retirement savings needs.
The Retirement Income Gender Gap -- Dealing with the ShortfallDolf Dunn
Are you facing a retirement income gap? Have you ever heard the saying what you don't know can't hurt you? "There is no shame in not knowing, the shame lies in not finding out" ~ Russian Proverb. It is never too soon to start planning your retirement income strategy. I can help, please read on, your retirement may depend on it.
Working just a few more years can significantly reduce the amount baby boomers need saved for retirement. Delaying retirement by 1-4 years provides several benefits: more time to save and earn investment returns, higher Social Security benefits, potentially higher pension benefits, and avoiding individual health insurance costs from ages 55-64. Specifically, the document estimates that a couple earning $58,600 would need a lump sum of $510,800 if retiring at 62 but only $298,400 if retiring at 66. Working longer in one's primary career is usually more financially advantageous than retiring early to take a lower-paying encore career job.
The document is a quarterly newsletter for Homestead Funds shareholders. It discusses Homestead Funds celebrating 20 years of investing for shareholders, preparing for retirement by estimating expenses, longevity, and income sources, and provides a spotlight on the bond funds managed by Homestead Funds.
Working just a few more years can significantly reduce the amount baby boomers need saved for retirement. Delaying retirement by 1-4 years results in higher lifetime income, shorter retirement to fund, more time for savings to grow, and increased Social Security benefits. The report estimates that a couple needing $510,000 saved if retiring at 62 would need only $465,000 if retiring at 63, and just $298,000 and $117,700 if retiring at 66 and 70 respectively. Working longer in one's primary career provides greater benefits than lower-paying encore careers after retirement.
This document provides information about planning for retirement, including:
- Aiming to save two-thirds of your expected end-of-career income to maintain your lifestyle in retirement.
- Starting to save early takes advantage of compounding returns to grow savings over time.
- As retirement approaches, preserving savings and ensuring investments keep pace with inflation becomes important.
- People should ensure their pension plans are on track to provide sufficient retirement income.
Life insurance serves as the foundation of family financial security by providing benefits in times of loss. It allows loved ones to focus on grieving by paying for final expenses, provides funds to pay off debts and replace lost income, and creates opportunities by funding education or new businesses. Proper planning is needed to ensure the right type and amount of coverage is in place to protect families financially even if something were to happen.
This document discusses retirement planning options for those close to retirement. It notes that people are living longer, placing more pressure on pension provisions. There are now many more retirement product choices than in the past, making planning more complex. The document outlines some common retirement product options available to those close to retirement, and recommends that clients read an accompanying retirement planning guide to better understand their personal circumstances and options.
Across the Spectrum Newsletter September 2010Michael Doyle
The document discusses recent pension reforms in France and Luxembourg. It recommends clients consider joining their company's occupational pension scheme if the company matches contributions. It also notes that additional private savings are typically needed since pensions alone may not provide sufficient retirement income. The author offers to meet with interested clients to discuss their individual retirement savings needs.
The Retirement Income Gender Gap -- Dealing with the ShortfallDolf Dunn
Are you facing a retirement income gap? Have you ever heard the saying what you don't know can't hurt you? "There is no shame in not knowing, the shame lies in not finding out" ~ Russian Proverb. It is never too soon to start planning your retirement income strategy. I can help, please read on, your retirement may depend on it.
Working just a few more years can significantly reduce the amount baby boomers need saved for retirement. Delaying retirement by 1-4 years provides several benefits: more time to save and earn investment returns, higher Social Security benefits, potentially higher pension benefits, and avoiding individual health insurance costs from ages 55-64. Specifically, the document estimates that a couple earning $58,600 would need a lump sum of $510,800 if retiring at 62 but only $298,400 if retiring at 66. Working longer in one's primary career is usually more financially advantageous than retiring early to take a lower-paying encore career job.
The document is a quarterly newsletter for Homestead Funds shareholders. It discusses Homestead Funds celebrating 20 years of investing for shareholders, preparing for retirement by estimating expenses, longevity, and income sources, and provides a spotlight on the bond funds managed by Homestead Funds.
Working just a few more years can significantly reduce the amount baby boomers need saved for retirement. Delaying retirement by 1-4 years results in higher lifetime income, shorter retirement to fund, more time for savings to grow, and increased Social Security benefits. The report estimates that a couple needing $510,000 saved if retiring at 62 would need only $465,000 if retiring at 63, and just $298,000 and $117,700 if retiring at 66 and 70 respectively. Working longer in one's primary career provides greater benefits than lower-paying encore careers after retirement.
A Workable Solution For Baby Boomers Nearing RetirementForman Bay LLC
Worried about having enough saved for retirement? Here's a simple approach: work just a few years longer. By accumulating more savings and shortening your withdrawal period, you'll reduce the lump sum needed to generate the necessary income at retirement
Income insurance in Australia provides financial compensation for those unable to work due to accident or illness. It covers up to 70% of normal income for employees and profits for self-employed individuals. Premiums are tax deductible and coverage can begin paying out within weeks or months. Income insurance protects against the financial hardship of losing wages due to unexpected injury or sickness when other sources may not provide assistance.
Working just a few more years can significantly reduce the amount baby boomers need saved for retirement. Delaying retirement by 1-4 years results in higher lifetime income from salaries, Social Security benefits, and pensions. It also means savings and investments have more years to accumulate returns. The document estimates a couple needing $510,000 saved if retiring at 62 could need $465,000 if retiring at 63 or as little as $117,700 if retiring at 70. Working longer provides both higher income in retirement and reduces the lump sum needed to generate necessary retirement income.
Working just a few more years can significantly reduce the amount baby boomers need saved for retirement. Delaying retirement by 1-4 years allows workers to save more, receive higher social security benefits, pay off debt, and have a shorter retirement to fund. Analysis shows a couple needing $510,000 saved if retiring at 62 could need $465,000 if retiring at 63 or as little as $117,700 if retiring at 70. Working longer provides substantial benefits for funding retirement.
This document provides information on various financial topics including retirement planning, home remodeling, lost savings bonds, and asset allocation. It discusses how pursuing passions even with less pay can lead to greater happiness in retirement. It also notes that asset allocation should consider goals, risk tolerance, and timeline rather than taking more risk than able to handle. Safety first is recommended by keeping investments broadly diversified and following basic investment rules.
This document provides an overview of planning for retirement. It discusses defining retirement dreams and developing a retirement plan, including estimating expenses, identifying future income sources, and ensuring adequate savings. The document emphasizes balancing security, enjoyment, and reducing risks through proper planning. It encourages the reader to take action now by scheduling a consultation to discuss financial planning concepts.
The document discusses a bill payment service called Fiscal Concierge that allows seniors to outsource bill paying. It offers peace of mind by taking responsibility for paying bills on time, provides monthly reports for record keeping, and can help people stay in their homes longer. Signing up is easy, requiring only basic contact information and bank details. The service aims to save time while improving security, credit scores, and tax refunds through its management of bill paying.
An Enhanced Annuity pays a higher retirement income if you have a medical condition that reduces your life expectancy, as the insurance company expects to pay out for a shorter period. Research shows over two-thirds of retirees could benefit from an Enhanced Annuity, with smokers receiving up to 13% more income and the seriously ill receiving significantly higher incomes. Consulting an advisor can help determine if an Enhanced Annuity makes sense for an individual based on their health and maximize their retirement income.
Offering a competitive health benefits package is important for attracting and retaining excellent employees. There are several major medical insurance options for small businesses to consider:
- Health Maintenance Organizations (HMOs) provide coverage for care from in-network providers only but tend to have lower premiums.
- Preferred Provider Organizations (PPOs) allow some out-of-network coverage for a higher premium but more flexibility.
- Point-of-Service (POS) plans combine attributes of HMOs and PPOs, while Exclusive Provider Organizations (EPOs) are similar to PPOs but have smaller provider networks.
The best option depends on factors like coverage needs, costs
Origin Financial A Guide To Budget 2012 SpreadsOliver Taylor
The perfect marketing solutions to:
· Improve brand awareness with prospective clients
· Add value and build further loyalty with existing clients
· Generate increased referral leads and sales opportunities
· Use to add regular changing content to your website
· Attract and retain higher volumes of website traffic
· E-mail to clients, prospects and professional introducers
· Improve your website SEO success from organic searches
· Use the content to set-up an e-news alert service
· Extend your marketing to smartphone and tablet technology
Origin Financial A Guide To Budget 2012 SinglesOliver Taylor
The perfect marketing solutions to:
· Improve brand awareness with prospective clients
· Add value and build further loyalty with existing clients
· Generate increased referral leads and sales opportunities
· Use to add regular changing content to your website
· Attract and retain higher volumes of website traffic
· E-mail to clients, prospects and professional introducers
· Improve your website SEO success from organic searches
· Use the content to set-up an e-news alert service
· Extend your marketing to smartphone and tablet technology
This document discusses how a company called Goldmine Media can help financial professionals improve client communication, raise brand awareness, and increase sales through various marketing products and services. It describes newsletter, magazine, and factsheet services that financial advisers can personalize with their own branding to engage clients. It also discusses website design, social media strategies, and other options for generating new business opportunities and incremental revenue streams. The overall message is that integrating traditional and digital marketing methods through Goldmine Media's services can enhance client retention and improve marketing efficiency for financial advisers.
the choice of financial professionals
Print
Digital
Websites
Creative
Marketing
Personalised Client Marketing Factsheets
You may also be interested in
Financial adviser newsletters
Financial adviser client magazines
Personalised marketing factsheets
Financial adviser Corporate brochures
Personalised 2014/15 Tax Data card
Bespoke publishing services
Financial adviser client marketing factsheets
Goldmine Media's professional financial adviser factsheets will enable your business to extend client communication, raise brand awareness, improve marketing efficiency, enhance client retention and increase sales.
Generate further repeat business opportunities
This service has been designed to generate further repeat business opportunities and referrals from your clients. Besides educating and informing clients, you're also achieving greater brand and name recognition, which is a very beneficial way to build lasting relationships.
Nurture relationships as part of your ongoing service proposition
In a post-RDR environment, there has never been a more important time to communicate with your clients on a regular basis, and each factsheet will ensure that you're able to nurture relationships as part of your ongoing client service proposition.
Each factsheet used as part of a direct mail campaign provides an unrivalled way of maintaining client contact and providing information that your clients know to be impartial, relevant and timely.
Smart Money magazine is a fully personalised and branded consumer-driven personal financial planning client publication. Sent to key clients, professional intermediaries and prospects, every issue will enable your business to improve client communication, raise brand awareness, develop greater marketing efficiency, enhance client retention and increase sales - all of which are becoming increasingly important, particularly in the light of Treating Customers Fairly (TCF) and the Retail Distribution Review (RDR).
Goldmine Media has been publishing Smart Money magazine for over a decade and every issue features timely and accurate editorial combined with intelligent design. Whether you are a financial adviser, wealth manager, accountant or solicitor, every issue will provide you with the perfect marketing solution to engage more effectively with your business audiences.
The front cover of Smart Money magazine features your business logo and company name printed in your corporate colours and also includes your contact details and regulatory statement. At no additional cost you can change the title name to make every issue even more bespoke and relevant to your business.
E smartmoney january_february_2013_singlesperOliver Taylor
- The Autumn Statement outlined forecasts for economic growth over the next few years, ranging from 1.2% in 2013 to 2.8% in 2017.
- Key announcements included increasing income tax thresholds, raising the state pension and child benefit, and further corporate tax cuts.
- The lifetime pension relief allowance will be reduced from £1.5m to £1.25m and the annual allowance cut from £50,000 to £40,000 from 2014/15.
- Research suggests those born in 2012 may need to work into their 70s due to rising costs of living, education, housing and longer lifespans.
Smart money january february_2013_singlesOliver Taylor
This document provides a summary of key announcements from the UK Chancellor's Autumn Statement in 2012. Some of the key points include:
- Economic growth forecasts were modest at around 2% per year for the next 5 years.
- Most working-age benefits will rise by 1% for the next 3 years. Lifetime pension relief allowance will fall from £1.5m to £1.25m and the annual allowance will be cut from £50,000 to £40,000 from 2014/15.
- The basic state pension and child benefit will rise by small amounts over the next few years. Income tax allowances will also rise modestly.
- The corporation tax rate will
Goldmine Media\'s efactsheets bundle will enable your business to generate further new business opportunities and add another layer of interaction, whether you\'re engaging with your business audiences online, by email or face-to-face.
The 22 efactsheets feature articles that include protection, both personal and business, retirement and investment planning and Inheritance Tax Planning).
Life assurance
Term assurance
Whole-of-life cover
Critical illness cover
Income protection insurance
Achieving financial security and independence
Financial Protection for you and your family
Making a will
Wealth protection
Business protection
Building a bigger retirement income
More than six million Britons over-50 look set to
retire on less than minimum wage
Financial independence
Self-Invested personal pensions
Pension consolidation
Planning for retirement
Buying an annuity
Wealth creation
The value of insurance to protect you income
Estate Planning
Is it time to get more flexible with your money?
Reducing your investment risk
Financial adviser client newsletters
Client-facing personalised newsletters are an exceptional and proven vehicle for strengthening relationships with clients. There has never been a more important time, especially during this current economic climate, for professional financial advisers to consider the benefits of using a newsletter to communicate with their clients or professional connections.
Client retention and the loss of hard-earned clients
In these post-RDR times, one of the biggest concerns facing many professional financial advisers is client retention and the loss of hard-earned clients to another competitor. To ensure that this doesn't happen to your business, our advice is that you need to do everything possible to stay engaged with your clients and keep reminding them about why they chose you in the first place.
You don't have to waste your valuable time
Goldmine Media do everything for you, so you don't have to waste your valuable time and effort putting your own newsletter together. We take care of the editorial and imagery selection, right through to the print and delivery to you, and can even post each copy directly to your clients with a covering marketing letter in a high-grade polywrap.
Personal finance subjects presented in a clear and engaging way
Our carefully designed newsletters feature your business name, logo (photograph if required), contact details and regulatory statement, and we present even the most complex of personal finance subjects to your clients in a clear and engaging way.
Newsletters are printed on superior-quality paper and are a perfect time-saving marketing channel that will enable professional financial advisers to deliver increased revenues for their business.
the choice of financial professionals
Print
Digital
Websites
Creative
Marketing
Personalised Client Marketing Factsheets
You may also be interested in
Financial adviser newsletters
Financial adviser client magazines
Personalised marketing factsheets
Financial adviser Corporate brochures
Personalised 2014/15 Tax Data card
Bespoke publishing services
Financial adviser client marketing factsheets
Goldmine Media's professional financial adviser factsheets will enable your business to extend client communication, raise brand awareness, improve marketing efficiency, enhance client retention and increase sales.
Generate further repeat business opportunities
This service has been designed to generate further repeat business opportunities and referrals from your clients. Besides educating and informing clients, you're also achieving greater brand and name recognition, which is a very beneficial way to build lasting relationships.
Nurture relationships as part of your ongoing service proposition
In a post-RDR environment, there has never been a more important time to communicate with your clients on a regular basis, and each factsheet will ensure that you're able to nurture relationships as part of your ongoing client service proposition.
Each factsheet used as part of a direct mail campaign provides an unrivalled way of maintaining client contact and providing information that your clients know to be impartial, relevant and timely.
Financial adviser marketing bundle user guide singlesOliver Taylor
The document is a user guide for a Financial Adviser Marketing Bundle. The bundle contains various marketing solutions to help financial advisers engage with clients during an economic downturn, including a printed 12-page personalized corporate client magazine. The magazine aims to build ongoing relationships, add client value, and secure loyalty from key clients. The bundle also contains digital marketing solutions like a digital client magazine and email marketing tools to help advisers fulfill regulatory requirements and drive new business.
Smart money july august_issue_singles_perOliver Taylor
Financial adviser client newsletters
Client-facing personalised newsletters are an exceptional and proven vehicle for strengthening relationships with clients. There has never been a more important time, especially during this current economic climate, for professional financial advisers to consider the benefits of using a newsletter to communicate with their clients or professional connections.
Client retention and the loss of hard-earned clients
In these post-RDR times, one of the biggest concerns facing many professional financial advisers is client retention and the loss of hard-earned clients to another competitor. To ensure that this doesn't happen to your business, our advice is that you need to do everything possible to stay engaged with your clients and keep reminding them about why they chose you in the first place.
You don't have to waste your valuable time
Goldmine Media do everything for you, so you don't have to waste your valuable time and effort putting your own newsletter together. We take care of the editorial and imagery selection, right through to the print and delivery to you, and can even post each copy directly to your clients with a covering marketing letter in a high-grade polywrap.
Personal finance subjects presented in a clear and engaging way
Our carefully designed newsletters feature your business name, logo (photograph if required), contact details and regulatory statement, and we present even the most complex of personal finance subjects to your clients in a clear and engaging way.
Newsletters are printed on superior-quality paper and are a perfect time-saving marketing channel that will enable professional financial advisers to deliver increased revenues for their business.
Robert Feinholz: Planning for a 30 year retirementForman Bay LLC
Robert Feinholz: Planning for a 30 year retirement.
Funding a 30-year retirement will take financial planning prowess as you juggle the effects of inflation, distributions, taxes, asset allocation, and expenditures. Are you up to the task?
A Workable Solution For Baby Boomers Nearing RetirementForman Bay LLC
Worried about having enough saved for retirement? Here's a simple approach: work just a few years longer. By accumulating more savings and shortening your withdrawal period, you'll reduce the lump sum needed to generate the necessary income at retirement
Income insurance in Australia provides financial compensation for those unable to work due to accident or illness. It covers up to 70% of normal income for employees and profits for self-employed individuals. Premiums are tax deductible and coverage can begin paying out within weeks or months. Income insurance protects against the financial hardship of losing wages due to unexpected injury or sickness when other sources may not provide assistance.
Working just a few more years can significantly reduce the amount baby boomers need saved for retirement. Delaying retirement by 1-4 years results in higher lifetime income from salaries, Social Security benefits, and pensions. It also means savings and investments have more years to accumulate returns. The document estimates a couple needing $510,000 saved if retiring at 62 could need $465,000 if retiring at 63 or as little as $117,700 if retiring at 70. Working longer provides both higher income in retirement and reduces the lump sum needed to generate necessary retirement income.
Working just a few more years can significantly reduce the amount baby boomers need saved for retirement. Delaying retirement by 1-4 years allows workers to save more, receive higher social security benefits, pay off debt, and have a shorter retirement to fund. Analysis shows a couple needing $510,000 saved if retiring at 62 could need $465,000 if retiring at 63 or as little as $117,700 if retiring at 70. Working longer provides substantial benefits for funding retirement.
This document provides information on various financial topics including retirement planning, home remodeling, lost savings bonds, and asset allocation. It discusses how pursuing passions even with less pay can lead to greater happiness in retirement. It also notes that asset allocation should consider goals, risk tolerance, and timeline rather than taking more risk than able to handle. Safety first is recommended by keeping investments broadly diversified and following basic investment rules.
This document provides an overview of planning for retirement. It discusses defining retirement dreams and developing a retirement plan, including estimating expenses, identifying future income sources, and ensuring adequate savings. The document emphasizes balancing security, enjoyment, and reducing risks through proper planning. It encourages the reader to take action now by scheduling a consultation to discuss financial planning concepts.
The document discusses a bill payment service called Fiscal Concierge that allows seniors to outsource bill paying. It offers peace of mind by taking responsibility for paying bills on time, provides monthly reports for record keeping, and can help people stay in their homes longer. Signing up is easy, requiring only basic contact information and bank details. The service aims to save time while improving security, credit scores, and tax refunds through its management of bill paying.
An Enhanced Annuity pays a higher retirement income if you have a medical condition that reduces your life expectancy, as the insurance company expects to pay out for a shorter period. Research shows over two-thirds of retirees could benefit from an Enhanced Annuity, with smokers receiving up to 13% more income and the seriously ill receiving significantly higher incomes. Consulting an advisor can help determine if an Enhanced Annuity makes sense for an individual based on their health and maximize their retirement income.
Offering a competitive health benefits package is important for attracting and retaining excellent employees. There are several major medical insurance options for small businesses to consider:
- Health Maintenance Organizations (HMOs) provide coverage for care from in-network providers only but tend to have lower premiums.
- Preferred Provider Organizations (PPOs) allow some out-of-network coverage for a higher premium but more flexibility.
- Point-of-Service (POS) plans combine attributes of HMOs and PPOs, while Exclusive Provider Organizations (EPOs) are similar to PPOs but have smaller provider networks.
The best option depends on factors like coverage needs, costs
Origin Financial A Guide To Budget 2012 SpreadsOliver Taylor
The perfect marketing solutions to:
· Improve brand awareness with prospective clients
· Add value and build further loyalty with existing clients
· Generate increased referral leads and sales opportunities
· Use to add regular changing content to your website
· Attract and retain higher volumes of website traffic
· E-mail to clients, prospects and professional introducers
· Improve your website SEO success from organic searches
· Use the content to set-up an e-news alert service
· Extend your marketing to smartphone and tablet technology
Origin Financial A Guide To Budget 2012 SinglesOliver Taylor
The perfect marketing solutions to:
· Improve brand awareness with prospective clients
· Add value and build further loyalty with existing clients
· Generate increased referral leads and sales opportunities
· Use to add regular changing content to your website
· Attract and retain higher volumes of website traffic
· E-mail to clients, prospects and professional introducers
· Improve your website SEO success from organic searches
· Use the content to set-up an e-news alert service
· Extend your marketing to smartphone and tablet technology
This document discusses how a company called Goldmine Media can help financial professionals improve client communication, raise brand awareness, and increase sales through various marketing products and services. It describes newsletter, magazine, and factsheet services that financial advisers can personalize with their own branding to engage clients. It also discusses website design, social media strategies, and other options for generating new business opportunities and incremental revenue streams. The overall message is that integrating traditional and digital marketing methods through Goldmine Media's services can enhance client retention and improve marketing efficiency for financial advisers.
the choice of financial professionals
Print
Digital
Websites
Creative
Marketing
Personalised Client Marketing Factsheets
You may also be interested in
Financial adviser newsletters
Financial adviser client magazines
Personalised marketing factsheets
Financial adviser Corporate brochures
Personalised 2014/15 Tax Data card
Bespoke publishing services
Financial adviser client marketing factsheets
Goldmine Media's professional financial adviser factsheets will enable your business to extend client communication, raise brand awareness, improve marketing efficiency, enhance client retention and increase sales.
Generate further repeat business opportunities
This service has been designed to generate further repeat business opportunities and referrals from your clients. Besides educating and informing clients, you're also achieving greater brand and name recognition, which is a very beneficial way to build lasting relationships.
Nurture relationships as part of your ongoing service proposition
In a post-RDR environment, there has never been a more important time to communicate with your clients on a regular basis, and each factsheet will ensure that you're able to nurture relationships as part of your ongoing client service proposition.
Each factsheet used as part of a direct mail campaign provides an unrivalled way of maintaining client contact and providing information that your clients know to be impartial, relevant and timely.
Smart Money magazine is a fully personalised and branded consumer-driven personal financial planning client publication. Sent to key clients, professional intermediaries and prospects, every issue will enable your business to improve client communication, raise brand awareness, develop greater marketing efficiency, enhance client retention and increase sales - all of which are becoming increasingly important, particularly in the light of Treating Customers Fairly (TCF) and the Retail Distribution Review (RDR).
Goldmine Media has been publishing Smart Money magazine for over a decade and every issue features timely and accurate editorial combined with intelligent design. Whether you are a financial adviser, wealth manager, accountant or solicitor, every issue will provide you with the perfect marketing solution to engage more effectively with your business audiences.
The front cover of Smart Money magazine features your business logo and company name printed in your corporate colours and also includes your contact details and regulatory statement. At no additional cost you can change the title name to make every issue even more bespoke and relevant to your business.
E smartmoney january_february_2013_singlesperOliver Taylor
- The Autumn Statement outlined forecasts for economic growth over the next few years, ranging from 1.2% in 2013 to 2.8% in 2017.
- Key announcements included increasing income tax thresholds, raising the state pension and child benefit, and further corporate tax cuts.
- The lifetime pension relief allowance will be reduced from £1.5m to £1.25m and the annual allowance cut from £50,000 to £40,000 from 2014/15.
- Research suggests those born in 2012 may need to work into their 70s due to rising costs of living, education, housing and longer lifespans.
Smart money january february_2013_singlesOliver Taylor
This document provides a summary of key announcements from the UK Chancellor's Autumn Statement in 2012. Some of the key points include:
- Economic growth forecasts were modest at around 2% per year for the next 5 years.
- Most working-age benefits will rise by 1% for the next 3 years. Lifetime pension relief allowance will fall from £1.5m to £1.25m and the annual allowance will be cut from £50,000 to £40,000 from 2014/15.
- The basic state pension and child benefit will rise by small amounts over the next few years. Income tax allowances will also rise modestly.
- The corporation tax rate will
Goldmine Media\'s efactsheets bundle will enable your business to generate further new business opportunities and add another layer of interaction, whether you\'re engaging with your business audiences online, by email or face-to-face.
The 22 efactsheets feature articles that include protection, both personal and business, retirement and investment planning and Inheritance Tax Planning).
Life assurance
Term assurance
Whole-of-life cover
Critical illness cover
Income protection insurance
Achieving financial security and independence
Financial Protection for you and your family
Making a will
Wealth protection
Business protection
Building a bigger retirement income
More than six million Britons over-50 look set to
retire on less than minimum wage
Financial independence
Self-Invested personal pensions
Pension consolidation
Planning for retirement
Buying an annuity
Wealth creation
The value of insurance to protect you income
Estate Planning
Is it time to get more flexible with your money?
Reducing your investment risk
Financial adviser client newsletters
Client-facing personalised newsletters are an exceptional and proven vehicle for strengthening relationships with clients. There has never been a more important time, especially during this current economic climate, for professional financial advisers to consider the benefits of using a newsletter to communicate with their clients or professional connections.
Client retention and the loss of hard-earned clients
In these post-RDR times, one of the biggest concerns facing many professional financial advisers is client retention and the loss of hard-earned clients to another competitor. To ensure that this doesn't happen to your business, our advice is that you need to do everything possible to stay engaged with your clients and keep reminding them about why they chose you in the first place.
You don't have to waste your valuable time
Goldmine Media do everything for you, so you don't have to waste your valuable time and effort putting your own newsletter together. We take care of the editorial and imagery selection, right through to the print and delivery to you, and can even post each copy directly to your clients with a covering marketing letter in a high-grade polywrap.
Personal finance subjects presented in a clear and engaging way
Our carefully designed newsletters feature your business name, logo (photograph if required), contact details and regulatory statement, and we present even the most complex of personal finance subjects to your clients in a clear and engaging way.
Newsletters are printed on superior-quality paper and are a perfect time-saving marketing channel that will enable professional financial advisers to deliver increased revenues for their business.
the choice of financial professionals
Print
Digital
Websites
Creative
Marketing
Personalised Client Marketing Factsheets
You may also be interested in
Financial adviser newsletters
Financial adviser client magazines
Personalised marketing factsheets
Financial adviser Corporate brochures
Personalised 2014/15 Tax Data card
Bespoke publishing services
Financial adviser client marketing factsheets
Goldmine Media's professional financial adviser factsheets will enable your business to extend client communication, raise brand awareness, improve marketing efficiency, enhance client retention and increase sales.
Generate further repeat business opportunities
This service has been designed to generate further repeat business opportunities and referrals from your clients. Besides educating and informing clients, you're also achieving greater brand and name recognition, which is a very beneficial way to build lasting relationships.
Nurture relationships as part of your ongoing service proposition
In a post-RDR environment, there has never been a more important time to communicate with your clients on a regular basis, and each factsheet will ensure that you're able to nurture relationships as part of your ongoing client service proposition.
Each factsheet used as part of a direct mail campaign provides an unrivalled way of maintaining client contact and providing information that your clients know to be impartial, relevant and timely.
Financial adviser marketing bundle user guide singlesOliver Taylor
The document is a user guide for a Financial Adviser Marketing Bundle. The bundle contains various marketing solutions to help financial advisers engage with clients during an economic downturn, including a printed 12-page personalized corporate client magazine. The magazine aims to build ongoing relationships, add client value, and secure loyalty from key clients. The bundle also contains digital marketing solutions like a digital client magazine and email marketing tools to help advisers fulfill regulatory requirements and drive new business.
Smart money july august_issue_singles_perOliver Taylor
Financial adviser client newsletters
Client-facing personalised newsletters are an exceptional and proven vehicle for strengthening relationships with clients. There has never been a more important time, especially during this current economic climate, for professional financial advisers to consider the benefits of using a newsletter to communicate with their clients or professional connections.
Client retention and the loss of hard-earned clients
In these post-RDR times, one of the biggest concerns facing many professional financial advisers is client retention and the loss of hard-earned clients to another competitor. To ensure that this doesn't happen to your business, our advice is that you need to do everything possible to stay engaged with your clients and keep reminding them about why they chose you in the first place.
You don't have to waste your valuable time
Goldmine Media do everything for you, so you don't have to waste your valuable time and effort putting your own newsletter together. We take care of the editorial and imagery selection, right through to the print and delivery to you, and can even post each copy directly to your clients with a covering marketing letter in a high-grade polywrap.
Personal finance subjects presented in a clear and engaging way
Our carefully designed newsletters feature your business name, logo (photograph if required), contact details and regulatory statement, and we present even the most complex of personal finance subjects to your clients in a clear and engaging way.
Newsletters are printed on superior-quality paper and are a perfect time-saving marketing channel that will enable professional financial advisers to deliver increased revenues for their business.
Robert Feinholz: Planning for a 30 year retirementForman Bay LLC
Robert Feinholz: Planning for a 30 year retirement.
Funding a 30-year retirement will take financial planning prowess as you juggle the effects of inflation, distributions, taxes, asset allocation, and expenditures. Are you up to the task?
Funding a 30-year retirement will take financial planning prowess as you
juggle the effects of inflation, distributions, taxes, asset allocation, and
expenditures. Are you up to the task?
Funding a 30-year retirement will take financial planning prowess as you
juggle the effects of inflation, distributions, taxes, asset allocation, and expenditures. Are you up to the task?
Funding a 30-year retirement will take financial planning prowess as you
juggle the effects of inflation, distributions, taxes, asset allocation, and
expenditures. Are you up to the task?
This document discusses key considerations for planning a 30-year retirement. It notes that factors like inflation, taxes, health costs, longevity, and asset allocation must all be accounted for. Retirees may need income for 50 years or more, and inflation could significantly erode purchasing power over such a long period. The document recommends developing cash flow models with a financial advisor to identify gaps, setting a sustainable 4% annual withdrawal rate, and maintaining a contingency fund to address unexpected needs. Diversifying investments and regularly transferring funds are also suggested to balance risks.
This document provides a beginner's guide to protecting one's future through various types of insurance policies. It discusses why protection is important, especially for those with dependents. The different types of policies covered include life assurance, income protection, critical illness coverage, and long term care insurance. For each type, it gives a brief overview of what the policy provides and who might benefit from it. The document stresses the importance of considering one's individual situation to determine the best options for protection. It concludes by offering to provide a comprehensive review and customized plan for the reader.
This document provides an overview of the role of cash value life insurance in retirement planning. It discusses how cash value life insurance can provide benefits if the policyholder dies, becomes disabled, or lives to retirement. The document outlines how cash value life insurance can serve as a source of retirement income through policy loans and withdrawals. It also notes various tax advantages of cash value life insurance, such as tax-deferred growth and income tax-free death benefits. The document aims to educate readers on how cash value life insurance products work and their potential benefits for retirement planning.
Retirement planning and estate planning are important ways to ensure financial security. Retirement planning involves determining how much money is needed to maintain one's lifestyle after retiring and saving and investing sufficiently. Estate planning deals with distributing one's assets to heirs through tools like nominations, wills, trusts and powers of attorney. It is important to determine retirement and estate plans to avoid confusion, emotional strain on beneficiaries, and legal issues. Financial planning more broadly helps set goals, determine proper asset allocation and savings amounts, ensure adequate insurance coverage, and plan for asset distribution after death.
Bad news can impact on any one of us at any time, in the form of an illness, or sudden death. We don’t like to think about it, but we do have to plan for it. So having the correct protection strategy in place will enable you to protect your family’s lifestyle if your income suddenly changes due to illness or your premature death. But choosing the right options can be difficult without obtaining professional advice to ensure you protect your family from financial hardship.
This document provides information about life assurance and the importance of obtaining professional advice when choosing a policy. It discusses reviewing coverage for different life stages and factors like health, occupation, and dependents. The two main types of policies are term assurance, which pays out if death occurs within a set period, and whole-of-life assurance, which provides lifetime coverage. Trusts can avoid inheritance tax on payouts. Professional advice can help determine the appropriate amount of coverage needed.
A document discusses accumulating funds in a deferred fixed interest and indexed annuity for retirement. It describes how annuities can be used to systematically save money and guarantee retirement income that cannot be outlived. It then provides details on sources of retirement income, obstacles to retirement planning, and how annuities can help overcome those obstacles by allowing tax-deferred growth and converting savings into guaranteed lifetime income.
This document is a magazine about personal finance and retirement planning. It discusses several topics related to saving for retirement, including:
- How annuities can provide a regular income stream during retirement by investing pension funds in these products.
- The importance of determining if your retirement savings will be enough to support your desired lifestyle, as people are living longer in retirement.
- Factors to consider like current age, years until retirement, planned spending, and how much can be saved to estimate retirement income needs.
The document discusses various topics related to retirement planning and pensions. It provides advice on assessing whether you will be able to afford your desired retirement lifestyle, consolidating separate pension pots into one for simplicity, and having more choice over how you can access your pension savings following rule changes. The articles aim to help readers make informed decisions about funding their retirement and taking advantage of new freedoms over pension income options.
Smart money november december_2013 issue_singles_perOliver Taylor
This document is a magazine that provides financial advice to help readers make more of their money. The main articles discuss:
1) Giving grandchildren pensions as gifts that provide tax benefits and set them up for retirement.
2) The importance of reviewing one's long-term pension investment strategy and considering different options like income drawdown to maximize funds for retirement.
3) Writing a will as a new year's resolution to ensure one's estate goes to loved ones and avoids unnecessary taxes.
This document provides information about life insurance and discusses the different types of policies. It explains that life insurance pays money to loved ones upon death, allowing them to maintain their standard of living and cover expenses. There are two main types: term insurance, which provides coverage for a set period of time and has lower premiums but no cash value buildup, and permanent insurance, which provides lifelong coverage and allows cash value to accumulate on a tax-deferred basis, though initial premiums are higher. The document discusses factors to consider when determining how much life insurance is needed.
This document provides information to help readers determine how much to save for retirement. It recommends figuring out retirement income needs based on planned retirement age, desired lifestyle, life expectancy, expected investment returns, and whether principal will be drawn down. It then discusses building a retirement fund by saving as much as possible as early as possible, using employer-sponsored plans that offer matching contributions, IRAs, annuities, and other investments. Employer plans, IRAs, annuities, and other options each have unique tax advantages and disadvantages to consider.
Download our latest magazine inside, you’ll find an
array of articles about how we can help you further
to plan, grow, protect and preserve your wealth. As
we all know, the ultimate goal money can buy is
financial freedom
This document provides information about the importance of retirement planning and conducting a retirement review. It stresses that planning ahead is crucial to ensure retirees can afford their desired lifestyle. A retirement review involves assessing a person's needs, objectives, current pensions and policies to understand what income they are projected to receive and if there are any gaps. It aims to help people position themselves best for retirement rules and afford their plans. The document dispels some common myths about retirement planning, such as relying solely on the state pension, treating a business or home as a pension, or believing it is too late to plan. It emphasizes taking advice from financial experts to understand retirement options and make the most of pension plans.
A simple guide to be prepared for the most predictable thing, and how you can ensure that your dependent family isn't taken off track completely by your loss
This document discusses maximizing retirement readiness and provides an overview of a presentation on the topic. It highlights several challenges facing today's retirees, such as rising healthcare costs, longevity, taxes, and investment risks. It emphasizes getting answers to key retirement questions and having a retirement income analysis to test your strategy and ensure your savings will last throughout retirement.
Similar to Smart Money May June 12 Sm44 Singles (20)
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Nurture relationships as part of your ongoing service proposition
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Each factsheet used as part of a direct mail campaign provides an unrivalled way of maintaining client contact and providing information that your clients know to be impartial, relevant and timely.
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Generate further repeat business opportunities
This service has been designed to generate further repeat business opportunities and referrals from your clients. Besides educating and informing clients, you're also achieving greater brand and name recognition, which is a very beneficial way to build lasting relationships.
Nurture relationships as part of your ongoing service proposition
In a post-RDR environment, there has never been a more important time to communicate with your clients on a regular basis, and each factsheet will ensure that you're able to nurture relationships as part of your ongoing client service proposition.
Each factsheet used as part of a direct mail campaign provides an unrivalled way of maintaining client contact and providing information that your clients know to be impartial, relevant and timely.
Square Mile Asset Management Limited is authorised and regulated by the Financial Services Authority. The document provides information about Individual Savings Accounts (ISAs) including what they are, the different types, contribution limits, tax advantages, and eligibility. It answers common questions about ISAs and explains how to use an ISA to shelter savings and investments from tax up to £11,520 in the current 2013/2014 tax year.
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Goldmine Media's professional financial adviser factsheets will enable your business to extend client communication, raise brand awareness, improve marketing efficiency, enhance client retention and increase sales.
Generate further repeat business opportunities
This service has been designed to generate further repeat business opportunities and referrals from your clients. Besides educating and informing clients, you're also achieving greater brand and name recognition, which is a very beneficial way to build lasting relationships.
Nurture relationships as part of your ongoing service proposition
In a post-RDR environment, there has never been a more important time to communicate with your clients on a regular basis, and each factsheet will ensure that you're able to nurture relationships as part of your ongoing client service proposition.
Each factsheet used as part of a direct mail campaign provides an unrivalled way of maintaining client contact and providing information that your clients know to be impartial, relevant and timely.
the choice of financial professionals
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Financial adviser client marketing factsheets
Goldmine Media's professional financial adviser factsheets will enable your business to extend client communication, raise brand awareness, improve marketing efficiency, enhance client retention and increase sales.
Generate further repeat business opportunities
This service has been designed to generate further repeat business opportunities and referrals from your clients. Besides educating and informing clients, you're also achieving greater brand and name recognition, which is a very beneficial way to build lasting relationships.
Nurture relationships as part of your ongoing service proposition
In a post-RDR environment, there has never been a more important time to communicate with your clients on a regular basis, and each factsheet will ensure that you're able to nurture relationships as part of your ongoing client service proposition.
Each factsheet used as part of a direct mail campaign provides an unrivalled way of maintaining client contact and providing information that your clients know to be impartial, relevant and timely.
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Financial adviser client marketing factsheets
Goldmine Media's professional financial adviser factsheets will enable your business to extend client communication, raise brand awareness, improve marketing efficiency, enhance client retention and increase sales.
Generate further repeat business opportunities
This service has been designed to generate further repeat business opportunities and referrals from your clients. Besides educating and informing clients, you're also achieving greater brand and name recognition, which is a very beneficial way to build lasting relationships.
Nurture relationships as part of your ongoing service proposition
In a post-RDR environment, there has never been a more important time to communicate with your clients on a regular basis, and each factsheet will ensure that you're able to nurture relationships as part of your ongoing client service proposition.
Each factsheet used as part of a direct mail campaign provides an unrivalled way of maintaining client contact and providing information that your clients know to be impartial, relevant and timely.
the choice of financial professionals
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Websites
Creative
Marketing
Personalised Client Marketing Factsheets
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Financial adviser newsletters
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Financial adviser client marketing factsheets
Goldmine Media's professional financial adviser factsheets will enable your business to extend client communication, raise brand awareness, improve marketing efficiency, enhance client retention and increase sales.
Generate further repeat business opportunities
This service has been designed to generate further repeat business opportunities and referrals from your clients. Besides educating and informing clients, you're also achieving greater brand and name recognition, which is a very beneficial way to build lasting relationships.
Nurture relationships as part of your ongoing service proposition
In a post-RDR environment, there has never been a more important time to communicate with your clients on a regular basis, and each factsheet will ensure that you're able to nurture relationships as part of your ongoing client service proposition.
Each factsheet used as part of a direct mail campaign provides an unrivalled way of maintaining client contact and providing information that your clients know to be impartial, relevant and timely.
the choice of financial professionals
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Bespoke publishing services
Financial adviser client marketing factsheets
Goldmine Media's professional financial adviser factsheets will enable your business to extend client communication, raise brand awareness, improve marketing efficiency, enhance client retention and increase sales.
Generate further repeat business opportunities
This service has been designed to generate further repeat business opportunities and referrals from your clients. Besides educating and informing clients, you're also achieving greater brand and name recognition, which is a very beneficial way to build lasting relationships.
Nurture relationships as part of your ongoing service proposition
In a post-RDR environment, there has never been a more important time to communicate with your clients on a regular basis, and each factsheet will ensure that you're able to nurture relationships as part of your ongoing client service proposition.
Each factsheet used as part of a direct mail campaign provides an unrivalled way of maintaining client contact and providing information that your clients know to be impartial, relevant and timely.
the choice of financial professionals
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Financial adviser newsletters
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Bespoke publishing services
Financial adviser client marketing factsheets
Goldmine Media's professional financial adviser factsheets will enable your business to extend client communication, raise brand awareness, improve marketing efficiency, enhance client retention and increase sales.
Generate further repeat business opportunities
This service has been designed to generate further repeat business opportunities and referrals from your clients. Besides educating and informing clients, you're also achieving greater brand and name recognition, which is a very beneficial way to build lasting relationships.
Nurture relationships as part of your ongoing service proposition
In a post-RDR environment, there has never been a more important time to communicate with your clients on a regular basis, and each factsheet will ensure that you're able to nurture relationships as part of your ongoing client service proposition.
Each factsheet used as part of a direct mail campaign provides an unrivalled way of maintaining client contact and providing information that your clients know to be impartial, relevant and timely.
the choice of financial professionals
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Websites
Creative
Marketing
Personalised Client Marketing Factsheets
You may also be interested in
Financial adviser newsletters
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Personalised 2014/15 Tax Data card
Bespoke publishing services
Financial adviser client marketing factsheets
Goldmine Media's professional financial adviser factsheets will enable your business to extend client communication, raise brand awareness, improve marketing efficiency, enhance client retention and increase sales.
Generate further repeat business opportunities
This service has been designed to generate further repeat business opportunities and referrals from your clients. Besides educating and informing clients, you're also achieving greater brand and name recognition, which is a very beneficial way to build lasting relationships.
Nurture relationships as part of your ongoing service proposition
In a post-RDR environment, there has never been a more important time to communicate with your clients on a regular basis, and each factsheet will ensure that you're able to nurture relationships as part of your ongoing client service proposition.
Each factsheet used as part of a direct mail campaign provides an unrivalled way of maintaining client contact and providing information that your clients know to be impartial, relevant and timely.
the choice of financial professionals
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Creative
Marketing
Personalised Client Marketing Factsheets
You may also be interested in
Financial adviser newsletters
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Financial adviser Corporate brochures
Personalised 2014/15 Tax Data card
Bespoke publishing services
Financial adviser client marketing factsheets
Goldmine Media's professional financial adviser factsheets will enable your business to extend client communication, raise brand awareness, improve marketing efficiency, enhance client retention and increase sales.
Generate further repeat business opportunities
This service has been designed to generate further repeat business opportunities and referrals from your clients. Besides educating and informing clients, you're also achieving greater brand and name recognition, which is a very beneficial way to build lasting relationships.
Nurture relationships as part of your ongoing service proposition
In a post-RDR environment, there has never been a more important time to communicate with your clients on a regular basis, and each factsheet will ensure that you're able to nurture relationships as part of your ongoing client service proposition.
Each factsheet used as part of a direct mail campaign provides an unrivalled way of maintaining client contact and providing information that your clients know to be impartial, relevant and timely.
Square Mile Asset Management Limited is authorised and regulated by the Financial Services Authority. The document discusses setting investment goals and choosing appropriate investments based on an individual's risk tolerance, time horizon, and objectives. It notes that initially setting aside short-term savings for emergencies is prudent, while longer-term investments can involve more risk but also potentially higher returns. The right investment strategy depends on balancing these factors as well as understanding taxes and costs.
Smart money september october_2103_issue_singles_perOliver Taylor
Financial adviser client newsletters
Client-facing personalised newsletters are an exceptional and proven vehicle for strengthening relationships with clients. There has never been a more important time, especially during this current economic climate, for professional financial advisers to consider the benefits of using a newsletter to communicate with their clients or professional connections.
Client retention and the loss of hard-earned clients
In these post-RDR times, one of the biggest concerns facing many professional financial advisers is client retention and the loss of hard-earned clients to another competitor. To ensure that this doesn't happen to your business, our advice is that you need to do everything possible to stay engaged with your clients and keep reminding them about why they chose you in the first place.
You don't have to waste your valuable time
Goldmine Media do everything for you, so you don't have to waste your valuable time and effort putting your own newsletter together. We take care of the editorial and imagery selection, right through to the print and delivery to you, and can even post each copy directly to your clients with a covering marketing letter in a high-grade polywrap.
Personal finance subjects presented in a clear and engaging way
Our carefully designed newsletters feature your business name, logo (photograph if required), contact details and regulatory statement, and we present even the most complex of personal finance subjects to your clients in a clear and engaging way.
Newsletters are printed on superior-quality paper and are a perfect time-saving marketing channel that will enable professional financial advisers to deliver increased revenues for their business.
Smart Money January February 2012 SinglesOliver Taylor
The document discusses year-end tax planning tips to help readers get their finances fit for 2012. It provides an overview of key areas to consider such as making use of personal tax allowances, topping up pension contributions, using ISA allowances, planning for inheritance tax, and reducing capital gains tax liability. It also discusses how more people will need to work later in life due to issues of affordability and inadequate retirement savings. The majority of over-50s expect to work past the state retirement age, with the average planning to work an additional 6 years until age 71 for men and 66 for women. Affordability is cited as the key reason over half of over-50s plan to work longer.
If you want your website to become an alternative marketing channel that continues to attract and generate further new business opportunities, the content must be relevant and change regularly to encourage visitors to keep returning. Goldmine Media\'s \'Website Content Bundle\' provides ready made web content that will ensure your visitors have a reason to keep returning to your website.
The perfect marketing solutions to:
· Improve brand awareness with prospective clients
· Add value and build further loyalty with existing clients
· Generate increased referral leads and sales opportunities
· Use to add regular changing content to your website
· Attract and retain higher volumes of website traffic
· E-mail to clients, prospects and professional introducers
· Improve your website SEO success from organic searches
· Use the content to set-up an e-news alert service
· Extend your marketing to smartphone and tablet technology
The UK Chancellor George Osborne announced in his 2012 Budget speech that the top tax rate of 50% for those earning over £150,000 would be cut to 45% starting in April 2013. Osborne argued that the 50% rate raised only a third of the expected £3 billion in revenue and caused distortions, with £16 billion shifted to earlier tax years. HM Revenue and Customs found the cost difference between 45% and 50% would be only £100 million. Osborne said cutting the top rate to 45% would encourage wealth creators and only cost the government £100 million.
The perfect marketing solutions to:
· Improve brand awareness with prospective clients
· Add value and build further loyalty with existing clients
· Generate increased referral leads and sales opportunities
· Use to add regular changing content to your website
· Attract and retain higher volumes of website traffic
· E-mail to clients, prospects and professional introducers
· Improve your website SEO success from organic searches
· Use the content to set-up an e-news alert service
· Extend your marketing to smartphone and tablet technology
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MAY / JUNE 2012
Is it time to get
more flexible with
your money?
Remove the cap on the
retirement income you can take
Are you saving
enough now to live
well in years to come?
The closer you get to retirement the
greater the need to talk to us
Picking the right
balance of assets t
for your portfolio pac t
im e
The Budg our
of on yial
Keeping track of lots of individual
n
ne m lay t io
assets can be a daunting task 2
201inancing
e ly e n s
f ann he
th ce t d e n
ar tes lm pe
‘Will’ your loved ones pl do t ct
How es affe ?
La o ic
s e
get your inheritance? ng et
r t
w ad
cha r pock
en ma
you
to
Make sure you avoid unnecessary legal
complications and emotional hardship
u
sc
A
Your contact details & regulator details here.
2. Welcome RETIREMENT
Editorial
P
ension legislation is always
on the move and keeping
up to date with the latest
changes could open up
new opportunities for you in
retirement. In April 2011, some
of the most significant changes in
pension legislation for five years
were announced. On page 05 we
discuss the main areas to consider
when planning for the future so
you can achieve your retirement
needs more successfully.
Are you saving
Picking the right balance of
assets for your portfolio depends
upon your own risk profile. One
enough now to live
way to protect your portfolio is
to spread your risk by diversifying
across several different types of
well in years to come?
investment funds and classes of
securities and localities in order to
distribute and control risk. Read
the full article on page 07.
In a low gilt yield environment,
having flexibility within a pension
The closer you get to retirement
arrangement can make a big the greater the need to talk to us
difference. On page 09 we look at
options that include either delaying Retirement is something we all look forward to and, even if it
taking pension benefits until the
situation improves, or phasing
seems a long way off, the crucial question is ‘Do you have enough
money into drawdown, to benefit saved for a comfortable retirement?’
from any potential upturn.
A full list of all the articles Whatever the answer, it’s not too late to Want to discover what
featured in this edition appears on boost your retirement savings. The closer the future will look like?
page 03. n you get to retiring the greater the need to
Even if your pension is up and
preserve your savings and ensure they will last
running, that’s not the end of
Content of the articles featured in this
all through your retirement. the story. It’s important that
publication is for your general information We can help you assess whether you need you review your payments,
and use only and is not intended to address to make changes to your investments as you
your particular requirements. They should
particularly if you have a
not be relied upon in their entirety and
approach retirement. change of circumstances. If
shall not be deemed to be, or constitute, Investing in non-pension savings will you don’t know how your
advice. Although endeavours have been enable you to use these to supplement pension’s doing, you can’t
made to provide accurate and timely know what your future will
information, there can be no guarantee
your pension income – and still access your
that such information is accurate as of the money if you need to. look like. To discuss how
date it is received or that it will continue to Having the right mix of investments will help we could help you plan for
be accurate in the future. No individual or
your savings outpace inflation.
retirement, please contact us
company should act upon such information for further information.
without receiving appropriate professional If you are approaching retirement you will
advice after a thorough examination of generally be able to take up to 25 per cent A pension is a long-term investment. The fund
their particular situation. We cannot accept
responsibility for any loss as a result of
of your pension fund as a tax-free lump value may fluctuate and can go down as well
acts or omissions taken in respect of any sum. This could be used to supplement as up. You may not get back your original
articles. Thresholds, percentage rates and tax your retirement income by reinvesting in a investment. Past performance is not an indication
legislation may change in subsequent Finance
Acts. Levels and bases of and reliefs from
flexible investment. of future performance. Tax benefits may vary as
taxation are subject to change and their value Wherever you are with your retirement a result of statutory change and their value will
depends on the individual circumstances of savings, don’t be put off from taking action – depend on individual circumstances. Thresholds,
the investor. The value of your investments
can go down as well as up and you may get
there are still steps you could take to boost the percentage rates and tax legislation may change in
back less than you invested. income you’ll get when you retire. n subsequent Finance Acts.
02
3. 04
IN THIS ISSUE
ss
iscu ial
o d inanc
T f
r g
you lanninents
p irem
In this issue
u tain
req to ober
or furth on,
06
rmatie
infopleast us
c
conta
02 Are you saving enough
now to live well in 08 Automatic
pension enrolment
years to come? Latest delay scarcely made the news
The closer you get to retirement the
greater the need to talk to us
09 Alternatives to help people
improve income levels
04
11
Eradicate any financial Valuable planning opportunities in a
worries by protecting retirement market where the gilt yield
your income has declined
Choosing the right solutions that are
most relevant to your current lifestyle
is the key 10 ‘Will’ your loved ones get
your inheritance?
Make sure you avoid unnecessary legal
05 Is it time to get more
flexible with your money?
complications and emotional hardship
Remove the cap on the retirement
income you can take 11 The impact of Budget 2012
on your financial planning
How do the changes affect your pocket?
06
12
What the Chancellor
had to say
Creating a stable economy, a fairer, 12 Maximise the lifetime
income from your pension
more efficient and simpler tax system at retirement
and further reforms to support growth Why shopping around for an annuity
could increase your income
07 Picking the right balance of
assets for your portfolio
Keeping track of lots of individual
assets can be a daunting task
want to make more
of your money IN 2012?
For more information please tick the appropriate box or boxes below,
include your personal details and return this information directly to us.
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Address
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4. Protection
Eradicate any financial worries
by protecting your income
Choosing the right solutions that are most relevant to your current lifestyle is the key
Most of us don’t like to think about how we would manage if your lifestyle? Critical illness insurance can
pay out a tax-free cash sum should the
we were ill and unable to work. But it’s important to sit down insured person be diagnosed with one
and think about the future in this way, if only to give both you of a range of specified critical illnesses
while the policy is in force. Critical illness
and your loved ones peace of mind. cover can be either arranged on its own
or included as part of other forms of
A little forward planning now could insurance or long-term disability cover insurance, such as life cover.
provide you or your family with a regular – but they basically do the same thing. Critical illness polices can vary in
income or cash lump sum at a time when When you buy income protection the illnesses they cover but most cover
financial worries should be the last thing you choose how much income you illnesses which are consistent with the
on your minds. want to receive. The maximum income Association of British Insurers’ list of
There are a number of different is typically up to 65 per cent of your critical illnesses. These include cancer,
solutions to choose from. In an ideal earned income. The payments are tax- heart attack and stroke.
world we’d be able to afford them all. free though, so the shortfall might not You can choose the length of time
But with so many other everyday financial be as much as you think. you want the policy to run for – many
responsibilities, it’s better to choose You need to choose when you want the will stop when you reach 70 years of
the ones that are most relevant to your regular payments to start should you have age – but it could coincide with the end
lifestyle now. Then, as your needs change, to make a claim, so you need to include of your mortgage or children finishing
you can change the type of protection any payments from your employer. Income school or university. n
that you have in place. protection typically pays out until you retire
or you recover but you can choose to stop
Income protection matters it earlier, perhaps once a mortgage has
Income protection insurance is designed been paid off. Payments will also stop if No matter what your financial
to provide you with a guaranteed regular you do go back to work. If you were to fall circumstances are, it’s usually
better to have some protection
income if you’re too ill to work due to ill again you may be able to claim again.
insurance in place rather than
sickness or injury. You usually continue to
none, and you should increase or
receive this regular income until you’re well The critical factor change the type of cover you have
enough to return to work. You’ll often find How would you cope financially if you as your financial and personal
income protection referred to as permanent were suddenly diagnosed with a critical circumstances change. To discuss
health insurance, income replacement illness and what effect would it have on your options, please contact us.
04
5. Retirement
Is it time to get more
flexible with your money?
Remove the cap on the retirement income you can take
Pension legislation is always on the move and keeping up to date with the latest changes
could open up new opportunities for you in retirement. In April 2011, some of the most
significant changes in pension legislation for five years were announced.
Gaining more control Another age-restricted benefit A pension is a long-term investment.
Many of these changes were designed to where the rules have been eased is The fund value may fluctuate and can
limit what the government clearly sees the opportunity to take tax-free cash – go down as well as up. You may not
as over-generous tax relief concessions. typically a quarter of your pension pot – get back your original investment. Past
But other changes have created the very when you first start to take your pension performance is not an indication of future
appealing prospect, for people aged benefits. Until April 2011, if you hadn’t performance. Tax benefits may vary as a
55 or more, of gaining more control taken your tax-free cash by age 75, result of statutory change and their value
over when and how they can use their you lost the chance to do so. Now that will depend on individual circumstances.
retirement savings. restriction is removed too. Thresholds, percentage rates and tax
Under the current rules, if you meet legislation may change in subsequent
certain eligibility criteria, you can now Pension contract Finance Acts.
take as much as you want from your Depending on your circumstances, all
pension without the maximum income these changes may well sound like good
restrictions that apply to conventional news, but there’s one important thing
drawdown arrangements. To be eligible to be aware of. Just because the rules
for this facility – known as ‘flexible about when and how you take
drawdown’ – you have to show that you pension benefits have
already have a ‘secure pension income’ changed, it doesn’t mean
of £20,000. your pension contract will
have changed as well.
Enhanced drawdown facilities If the terms of your
While, for many people, buying an annuity contract have not been
is likely to remain the most appropriate updated to reflect the new
method of accessing their pension income, legislation, you could find that you
some will want to take advantage of these can’t take advantage of them. You
enhanced drawdown facilities. could still find yourself obliged to
Flexible drawdown could, for buy an annuity at age 75. And if you
example, be used to meet one-off large haven’t taken your tax-free lump sum
expenditure items as they arise or to at that age, you could still lose the
optimise your tax liabilities. It could also opportunity to do so. n
be a way to pass money through the
generations, either by ‘gifting’ regular We help our clients to plan
for the future by meeting
payments, for example into trusts, or as their retirement planning needs.
pension contributions to children using For more information about
‘normal expenditure’ rules so as to help how we COULD really make
avoid Inheritance Tax. the most of your retirement
planning, please contact us
for further information.
Paying income tax
In moving money out of your pension
fund before you die, you will be paying
Income Tax on such payments but at a
rate that is lower than the 55 per cent tax
charge payable on a lump-sum payment
from your pension fund should you die.
05
6. Budget 2012
What the Chancellor had to say
Creating a stable economy, a fairer, more efficient and
simpler tax system and further reforms to support growth
The Chancellor of the Exchequer, George Osborne, presented his third Budget speech to Parliament on
21 March 2012. It maintained the government’s strategy to reduce the deficit, contained far-reaching tax
reforms and support for growth and reward for work. The Chancellor set out the actions the government
will take in three areas – creating a stable economy, a fairer, more efficient and simpler tax system and
further reforms to support growth.
Tax matters Child benefit gifts from a domiciled to a non-domiciled
There was a welcome increase in the Child benefit will now bring a reduced spouse (or civil partner); and for the
Income Tax Personal Allowance for the benefit for those with income of over non-domiciled spouse to elect to be
2013/14 tax year to £9,205, not far off the £50,000 (this is subject to tapering when treated as domiciled – thus allowing full
government’s stated target of £10,000. the claimant earns over £50,000, with it IHT exemption.
However, for the elderly this was being reduced entirely for those with an
largely neutralised – or worse – by the income over £60,000). Other measures
unexpected abolition of the Age Related The first steps were also taken to limiting Many previously announced measures
Personal Allowance from 2013/14 for the amount of tax reliefs such as charitable remained unaltered, such as the limits for
those not yet 65, and the freezing of the gifts, losses and loan interest. From tax-favoured investments in Enterprise
allowance for those who are. 2013/14 the total relief will be limited to Investment Scheme (EIS) shares (£1m
Then there was the reduction in the £50,000, or 25 per cent of the individual’s from 6 April 2012) and Venture Capital
highest rate of Income Tax from 50 per income, whichever is the greater. Trusts (VCT) shares (£200,000 from
cent to 45 per cent from 2013/14. It 6 April 2012), and the IHT threshold
seems likely that taxpayers may wish to Tax avoidance (remaining at £325,000). n
delay income receipts until after 5 April As part of the government’s plan to
2013, if they are able. introduce further measures against tax Levels of tax benefits are based on current
In contrast to the reduction in the avoidance, it was no surprise that the or proposed legislation and may vary as a
top rate of Income Tax, there was a headline measure was the new SDLT rate result of statutory change and their value
focus on increasing the take from of 15 per cent for residential properties will depend on individual circumstances.
other taxes, with a number of new acquired for more than £2m by certain
measures aimed at raising more ‘non-natural’ persons (i.e. not individuals).
revenue from the wealthy. This applies immediately and it is also
planned to introduce an annual charge
Residential property for properties owned by these non-
A new higher 7 per cent Stamp Duty Land natural persons, but only from 2013. The
Tax (SDLT) rate on properties costing more Chancellor made it clear that attempts
than £2m was introduced. Also, the UK to circumvent the new rules would be
will now copy many other countries in blocked retrospectively.
taxing the gains realised by non-residents
on UK property disposals. However, Inheritance Tax
this will (at least initially) not apply to Other welcome measures included a
individuals, and will apply only to gains proposal to increase the Inheritance
realised on residential property. Tax (IHT) threshold from £55,000 for
The Chancellor of the
Exchequer, George Osborne
06
7. Investment
Picking the right balance of
assets for your portfolio
Keeping track of lots of individual assets can be a daunting task
Picking the right balance of assets for your portfolio depends upon your own risk profile. One way to
protect your portfolio is to spread your risk by diversifying across several different types of investment
funds and classes of securities and localities in order to distribute and control risk.
Different risk characteristics Reduce share-specific offset losses in a portfolio and help to
There are many different assets in risk by diversifying achieve better returns over time.
which you can invest, each with By diversifying within assets, you can
different risk characteristics. While the spread your investments into different Investments styles
risks attributable to assets cannot be shares or bonds to ensure your portfolio to suit your needs
avoided, when managed collectively as is exposed to lots of different types of This is another important aspect to
part of a diversified portfolio, they can investments rather than, for example, consider when building an investment
be diluted. having shares in just a few large portfolio. Some investment funds use a
The main assets available are shares, companies. In this way, share-specific ‘passive’ strategy. This is an investment
bonds (also referred to as ‘fixed interest’), risk can be reduced should one of those approach that aims to mirror or ‘track’
cash and property. companies experience difficulties. the performance of a financial index.
While individual assets have a bearing This is normally done by either investing
on the overall level of risk you are Different sectors perform in the exact constituents of an index or
exposed to, the correlation between in very different ways by taking a representative ‘sample’ of
the assets has an even greater bearing. It is just as important to spread your that index. The managers of such funds
The aim is to select assets that behave investments across different sectors – areas of have lower expenses than active fund
in different ways, the theory being that the economy where businesses share the same managers, and the charges to investors
when one is underperforming, the other or a related product or service, for example, are therefore lower.
is ‘outperforming’. pharmaceuticals, telecommunications or retail Other funds use an ‘active’ approach and
Fixed interest investments and property, – as well as different companies. Companies aim to beat the index by using their own
for example, behave differently to share- are classified by the sector in which they research and analysis to select shares they
based investments by offering lower, more reside, which is dependent on the goods or believe will achieve greater returns. n
consistent returns. This provides a ‘safety services they sell or provide.
net’ by diversifying away from many of the For many reasons, companies within No matter what your
risks associated with reliance upon one different sectors perform in very different investment goals are and how
much you wish to invest, we
particular asset. ways. By diversifying across sectors you
can work with you to develop
can access shares with high growth
the best portfolio for you. To
Spreading investments expectations without over-exposing your discuss your wealth creation
across different assets portfolio as a whole to undue risk. objectives, please contact us.
Keeping track of lots of individual
assets can be a daunting task. A Greater geographical This information sets out the basics of
much simpler solution is to acquire diversification can help portfolio diversification. It is not designed
investment funds containing those It’s natural to feel more comfortable to be investment advice and should not
assets and leave the diversification investing a portfolio in your home be interpreted as such. Other factors will
worries to professional management. By market but this is not necessarily need to be taken into account before
purchasing a fund that invests in, say, the most sensible option. Because making an investment decision. The value of
large blue chip companies, another that investments in different geographical investments and the income from them can
invests in smaller growth companies economies generally operate in different fall as well as rise and is not guaranteed.
and others that invest overseas, you economic cycles, they have less than You may not get back the amount originally
can spread investments across hundreds perfect correlation. That’s why greater invested. Past performance is not a guide to
of different assets. geographical diversification can help to future performance
07
8. Retirement
Automatic pension enrolment
Latest delay scarcely made the news
Reforms designed to get more people saving for retirement have For firms with fewer than 50 employees,
been pushed back so many times that the latest delay scarcely these deadlines fall between June 2015
and April 2017, unless whoever wins the
made the news. It will now be October 2018 before minimum
intervening general election offers them a
employer contributions to workplace pensions are fully phased in. further reprieve.
Previously, this was supposed to happen by October 2017 – and Any employer setting up business between
before that by 2016, and before that by 2015. 1 April 2012 and 30 September 2017 will
have auto enrolment dates between 1 May
Contributions less affordable Smaller employers 2017 and 1 February 2018. n
The government says it is taking things Progressively smaller employers will
more slowly because economic conditions then be brought on board month by
have made contributions less affordable.
Nonetheless, the Department for Work and
month until February 2014, when all
employers with 250 or more staff will £8,105*
Pensions (DWP) insists it will adhere to the be within scope. Firms with 250 to Employees earning at least
latest timetable regardless of whether the 2,999 people on the payroll will not this amount annually will be
economy improves. now get extra breathing space, as had automatically enrolled into a pension
been hinted in November. scheme with employer contributions
Employer obligations Employers with between 50 and 249 if they are aged between 22 and
Under the new laws, employees will be staff will have compliance dates ranging the state pension age, and are not
automatically enrolled into a pension from April 2014 to April 2015. already in a scheme that meets
scheme with employer contributions if
they are aged between 22 and the state 8% minimum standards
pension age, earn at least £8,105* a Eventually, the
year and are not already in a scheme that automatic level of
meets minimum standards. Once enrolled, contributions must be
employees can opt out. But saving in a at least this percentage
pension will be the new default setting for of the individual’s
anyone who does not express a choice. ‘qualifying earnings’
Eventually, the automatic level of
contributions must be at least 8 per cent
of the individual’s ‘qualifying earnings’.
This includes 3 per cent that must come
from the employer. Qualifying earnings
also include payments like overtime and
commission, not just salary.
Definitions of pay
Employers can set higher contribution
rates if they prefer. They will also have
the option of basing contributions on
more straightforward definitions of
pay, which would usually increase the
amount due.
If you are not already in a workplace
pension scheme, when you will be
enrolled depends on how many people
are in your employer’s Pay-As-You-
Earn tax arrangement. The automatic
enrolment regime applies to the very
largest employers from October 2012.
08
9. WEALTH PRESERVATION
Alternatives
to help people
improve income levels
Valuable planning opportunities in a retirement
market where the gilt yield has declined
In a low gilt yield environment, having flexibility within a pension arrangement can make
a big difference. Options include either delaying taking pension benefits until the situation
improves, or phasing money into drawdown, to benefit from any potential upturn.
Immediate income needs income level should apply to the entire arrangements and pension annuities.
Alternatively, some people may choose to drawdown fund, not just the additional The cap on the maximum amount of
use other savings as a means of providing amount drip-fed in, making it an attractive income someone can withdraw from their
for their immediate income needs, delaying solution in today’s investment market. pension can be a cause of real frustration for
the use of pension savings until later. Using Care should be taken when considering many people. However, there are alternatives
other savings first, such as Individual Savings this type of retirement income planning. If to help people improve their income levels. n
Accounts (ISAs), leaves the pension fund additional money is drip-fed into income
untouched and available for drawdown as drawdown when conditions are not favourable, It’s crucial to find out how you
and when the situation improves. for example, when gilt rates or investment can afford the retirement you
want. If you’re approaching
The changes made to the income markets have fallen further, it may have a
retirement, it may be time to think
drawdown rules in April 2011 means that negative impact on maximum income levels. hard about turning your pension
more people can delay accessing their fund into an income for life. If
pension benefits as they no longer have Option of annual reviews you’re already retired, there
to buy an annuity by age 75, which may Keeping some pension money back is a could still be things you can do
to help boost your income. To
help to provide greater flexibility at a time particularly good tactic for those who have
discuss the options available to
when people need it. a pension contract that does not allow you, please contact us.
them the option of annual reviews. If they
Phasing of money only offer the statutory three-year review A pension is a long-term investment.
Another consideration is the phasing of period, then people could have to wait a The fund value may fluctuate and can
money into drawdown, to benefit from long time before they can benefit from any go down as well as up. You may not
any potential upturn of both investment improvement in market conditions. get back your original investment. Past
markets and gilt yields. By keeping some performance is not an indication of future
pension money back, and drip-feeding it Planning opportunities performance. Tax benefits may vary as a
in when stock markets and/or gilt yields These kinds of planning opportunities may result of statutory change and their value
improve, could mean creating a higher be particularly valuable in a retirement will depend on individual circumstances.
income level while inside a three-year market where the gilt yield has declined, Thresholds, percentage rates and tax
review period. If the pension scheme is impacting the maximum income legislation may change in subsequent
structured in the right way the higher available from both income withdrawal Finance Acts.
09
10. Estate preservation
61%
The percentage of
British adults who
don’t currently
31%
The percentage of
have a will*
people currently
drawn up
without a will who
‘Will’ your loved ones
claim the main reason
is that they just
haven’t got round to
doing it yet
get your inheritance? 78%
The percentage
Make sure you avoid unnecessary legal of people without
a will who live as
complications and emotional hardship married
Despite being a fundamental piece of family financial planning, six out of ten (61 per cent)
of British adults don’t currently have a will* drawn up, according to research by Standard Life.
The research reveals that this becomes If one of them were to die, the money might take some time to think through,
even more worrying when looking at could be passed on to their parents or a finalising a will is not an arduous process
the figures of those with children in the family member before their partner. This and can be done quickly. And also, while
household and also by age. can, of course, lead to unnecessary legal some might not believe they have any
People with no children (41 per cent) in complications and financial hardship that substantial assets to pass on, it’s important
the household are more likely to currently could easily be avoided. Therefore a large to remember that having a will in place is
have a will in place than those with proportion of this group really needs to about peace of mind and confidence in
children at home (27 per cent). review their circumstances and prioritise having your affairs in order. n
the value of having a will to protect their
Currently without a will partner and any children they might also
Can we help?
Looking at the age breakdown, more than have in the relationship.
two-thirds (77 per cent) of 35 to 44-year-olds Benjamin Franklin once said that
don’t have a will in place, more than half (56 NO SUBSTANTIAL ASSETS ‘nothing is certain but death and
per cent) of 45 to 54-year-olds, two-fifths (42 The research reveals that three out of ten taxes’ – and they are intrinsically
linked. Obtaining the right advice
per cent) of 55 to 64-year-olds and almost a (31 per cent) of those currently without
can have lasting consequences
quarter (24 per cent) of those 65 and over a will claim the main reason is that they for you and your family. To
are currently without a will. just haven’t got round to doing it yet. This discuss how we could help you
Creating a will can be seen as a difficult figure is consistent for those aged 65 and find the right wealth structure
and uncomfortable thing to do. The over, with 30 per cent stating they haven’t or combination of structures,
please contact us.
modern family can be complicated, we’re got round to creating a will.
all rushed off our feet and we don’t really The next most frequently stated reasons
like to think about death. But the reality are that people don’t think they have any The Financial Services Authority does
is if you were to die without a will the substantial assets or that they are too not regulate taxation, trust advice or
emotional strain on your family, friends young (both 17 per cent), followed by one will writing.
and loved ones could far outweigh the in ten (10 per cent) who simply haven’t
time and money spent in sorting out your thought about it. The percentage of those *By will, the research means a legally
will in advance. who felt it was too expensive to have a will executed document that explains how and
prepared was very low at only 7 per cent. to whom a person would like his or her
Unnecessary legal property distributed after death.
complications People’s priorities
The fact that the number of people As the research proves, the vast majority All figures, unless otherwise stated, are
without a will who live as married is so of people currently without a will aren’t from YouGov Plc. Total sample size was
high (78 per cent) is alarming. Couples concerned about the cost of creating 2,051 adults. Fieldwork was undertaken
who aren’t married or in a registered Civil a will. However, the fact that they’re between 8-10 February 2012. The survey
Partnership do not have the same legal using lack of time as an excuse shows a was carried out online. The figures have
protection as married couples if they die real sense of people’s priorities. Though been weighted and are representative of
without a will in place. the decisions that need to be made all UK adults (aged 18+).
10
11. Budget 2012
101,000
The number
of filed tax
The impact of Budget 2012
returns in 2009/10
which included
discretionary
trusts
on your financial planning
How do the changes affect your pocket?
Change to retirement age This tax incentive encourages many to Extension to IHT spouse
The Chancellor confirmed in Budget 2012 make the most of pension contributions exemption for European
that he would increase the state pension now, so they can make the most of their domiciled spouse
age and that we should brace ourselves retirement in the future. A consultation review of the restriction
for having to work much longer in the on the spouse/civil partner exemption
future. There are already two increases to No change on GAD maximum was announced. In the last few years,
the state pension age scheduled for 2019 The government did not make changes EU law has had an increasing impact on
and 2026. If after 2026 the state pension to the drawdown Government Actuary’s UK Inheritance Tax (IHT). IHT reliefs and
age increases in line with our changing Department (GAD) maximum. People exemptions for agricultural property and
life expectancy, we could expect that starting drawdown or who have reviewed charities have been extended to cover
someone who is currently 37 won’t be it during the last year may have had the European Economic Area in 2009 and
able to start drawing their state pension their income affected by falling gilt 2010. The announcement is good news
until they are 70 and someone who is yields caused by the Bank of England for those whose spouse/civil partner is
21 won’t receive it until they are 75. quantitative easing programme. At the from another country, meaning they are
This means that children born in 2012 same time annuities have also experienced domiciled there rather than in the UK. It
are unlikely to get their state pension until a similar impact, but to a lesser degree should remove a tax worry and layer of
age 80, if life expectancy at retirement as they are backed by a mix of corporate IHT complexity for mobile people with
rises in line with the last 30 years. This is bonds and gilts. international connections.
a considerable change for everyone, but
women in particular have to make a big Government ends salary Changes to
psychological adjustment as their state sacrifice to fund employee’s discretionary trusts
pension age is leaping forward. spouse’s pension One of the most complex elements of
The two increases already planned The government announced the cessation IHT, the ten-year charge and exit charge
for 2019 and 2026 will be followed by of salary sacrifice to fund an employee’s calculations for IHT in discretionary trusts,
increases every five years thereafter. If you spouse’s pension. This tax ‘idea’ involved is to be simplified. This could be good
are thinking ‘this won’t really affect me, an employee sacrificing salary or bonus news for trustees and beneficiaries of these
I’m still going to aim to retire at 60 or 65 and their employer paying this into the trusts, of which there are thousands in the
anyway’, unless all of us save a lot harder, employee’s spouse’s pension up to the UK. HM Revenue & Customs statistics show
many people could still be working well annual allowance, including carry-forward. that 101,000 of these types of trust were
into their seventies. included in tax returns filed in 2009/10. n
Introduction of a general
Pensions tax relief anti-avoidance rule (GAAR) To find out how Budget
The Chancellor did not make a change The direction of travel towards a more 2012 may have impacted
to tax relief on pension contributions. limited form of GAAR was set out in on your financial plans,
This valuable incentive encourages more the Aaronson Report in November please contact us to
people to save for their retirement years. last year. Those endorsing sensible tax review your situation.
Tax relief on qualifying contributions planning should have nothing to fear
into private pensions means that a £100 if the recommendations in that report, Laws and tax rules may change in the
investment made by a basic rate tax payer which target schemes that are artificial or future. Information is based on our
is automatically topped up to £125. And contrived, are implemented. Individuals understanding in March 2012. Your
if you are a higher rate tax payer you can implementing tried and tested routes to personal circumstances also have an
still claim the higher rate tax rebate too. mitigate UK tax should not be affected. impact on tax treatment.
11
12. Retirement
Maximise the lifetime
income from your
pension at retirement
Why shopping around for an annuity could increase your income
Thousands of people could end up with bigger
pensions as new rules will force insurers to
inform customers about better annuity options.
The Association of British Insurers’ (ABI) new
code of conduct forces insurers to give more
information about how consumers can ‘shop
around’ for a better deal, while ensuring that
those with health problems receive a higher
income as a result.
Buying the wrong type of annuity
Currently, according to the ABI, more than half of all investors
who buy an annuity – which pays a fixed income for life –
simply buy the default annuity deal from their current pension
provider. As a result many end up buying the wrong type of
annuity or effectively locking into an uncompetitive pension
deal for the rest of their lives. Shopping around for the best
annuity deal could increase the size of a pension by over
a third. A recent report from the National Association of
Pension Funds claimed that this was costing pensioners more
than £1bn in lost retirement income.
Benefits of shopping around
The new rules stop insurers from including an application
form in the information pack sent to customers
approaching retirement, making it less likely that people
will simply buy the first annuity they see. These ‘retirement
packs’ have been redesigned to place greater emphasis on
the benefits of shopping around. Crucially, where insurers
are selling an annuity to one of their existing customers,
they will be required to ask about their circumstances and
Need help to shop around
medical conditions before providing a quote. n
for the best annuity deal?
If you are approaching retirement it is
A pension is a long-term investment. The fund value may essential that you receive the best possible
fluctuate and can go down as well as up. You may not get advice when buying an annuity. To get the
back your original investment. Past performance is not an most out of your pension savings fund you
indication of future performance. Tax benefits may vary as should be confident that you are making
the right decisions about your retirement
a result of statutory change and their value will depend on income. To discuss how we could help you,
individual circumstances. Thresholds, percentage rates and please contact us for further information.
tax legislation may change in subsequent Finance Acts.
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