What does an IFA do?

Who are we?• Bankfield was started in 1993 by Naren Naik • Holistic financial planning services • Long term, trusting relationships • One-stop financial centre for your needs • Specialist advisers suitably qualified to cover

all areas of financial planning • Excellent relationships in to banking, legal,

accounting, marketing and technology sectors.

• Identify and prioritise your goals• Agree a budget for any identified needs • Minimise costs and maximise benefits

at all times. • Act in your best interests and to

provide “whole of market” advice

Full Financial Review

• stands for Protection•   stands for Retirement • stands for Investment •   stands for Savings • stands for Medical and

Mortgages

Setting Priorities

• Making provision to fund needs in the event of your death, sickness or disablement

• People should consider the impact on their dependants of their death or permanent sickness

• Any potential shortfall in income should also be examined

• Consider life cover to clear capital debts and any other debt

• Biggest single asset is their likely income stream up until their retirement

• Inheritance planning; whole of life or ‘gift inter vivos’

Protection

• Tax efficient ways to save for retirement• Designing ‘passive income’• Making the best of employer schemes

or old ‘frozen’ pensions• Auto-enrolment• Self Invested Personal Pension

Schemes, SIPPS

Retirement

• Investments cover a very wide area of advice, from Cash ISAs to direct investment in small non-listed companies

• Vital that everyone reviews their investments on a regular basis

• Markets rise and fall and legislation changes.

Investments

• “Rainy day” money should be kept accessible

• Banks and other saving institutions regularly change their savings terms

• Cash ISA rather than an ordinary savings account will save tax and improve your position

Savings

• Private medical insurance• Personal or group basis• Access to employer schemes• Local medical schemes• Benendon Trust

• Mortgages

Medical and Mortgages

• What’s best to do before, during and after the event.

• “If I were you, I would…….because……”

• Accept the advice that I am giving or dismiss it; the choice is yours!

Providing Advice

Thank you for your time

‘because we know what’s important’