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’
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