Gareth Frensham Dipfa - Financial Adviser

05/01/2023

If you have Life Cover and are an unmarried couple this is very important as the payment may not go to who you expect.

Around one in two unmarried couples are at risk of losing out on life insurance policy pay outs as they have not made the proper beneficiary arrangements, according to new research from Scottish Widows.

11/11/2022

I am pleased to announce that I have joined Perspective East Anglia as a Financial Adviser.

If anyone needs any help please get in touch.

16/06/2022

PensionBee has apparently offered to allow clients to transfer their pensions more quickly if they opt out of checking if their are any penalties or guarantees.



Some old pensions have guaranteed annuity rates offering 10%+ per year. Standard rates would be around 4%. You need to have a good think before giving that up.

Some old pensions pay 100% in tax free cash. Moving it would mean 75% potentially taxable.

Some old pensions have a market value reduction that might be a 10% penalty to transfer.



Being able to transfer a pension a month quicker is not a great reason for ignoring these.



A financial adviser would look carefully at these potential benefits and discuss what you are giving up compared to what you would get before considering any transfers.

29/10/2021

Well it's all happening on Sunday, clocks go back, halloween and the biggest of them all
(I'd never heard of it either!!)

But in all seriousness we've had clients who've found £000s in old pensions they'd forgotten about.

Obviously not everyone's that lucky but if you've got a spare 5 minutes it may be worth digging that old paperwork out.

If you can't find any old papers DM me and we can see if we can track them down for you.

National Pension Tracing Day – Sunday 31 October 2021 There’s an estimated £19 billion in lost pensions out there […]

08/10/2021

How much do i need in retirement?

The numbers always seem a bit scary in articles like these but when you break it down a couple could receive over £18500 pa in state pension.

This will often cover all their outgoings so then the private pensions (Or ISAs or BTL) are there for the everything else.

Then the numbers aren't as big, if a couple wanted £2500pm then the shortfall is £1000pm which is a realistic target to aim for in retirement (and with tax free cash from pensions and personal allowances they may be able to get this tax free!)

If anyone needs any help or has any questions drop me a DM.

PENSIONERS in the UK could need to bring in over £30,000 per year to be able to afford three holidays a year, according to figures from the Pensions and Lifetime Savings Association.

29/08/2021

If you have life cover is it written into Trust?
If not let me know as its just a simple form and costs nothing but can make things simpler and save tax.

One in four may have overpaid some £250m

02/06/2021

Do you know if you are on track for retirement?

If you want to check then get in touch

A couple would have to save private pensions worth £154,700 between them to hit their retirement target, while an individual would need to build a pot worth £192,290, according to the consumer group.

28/05/2021

Good article and something we get asked by a lot of new clients.

It's not as simple as YES or NO.

It depends on many things, firstly the clients situation but also what is available from the current pensions, are there any valuable guarantees, what are the charges, what funds are available, what drawdown options are there, death benefits and many more.

If anyone wants any help with their pensions please get in touch [email protected]

Savers collect a string of pension pots during their working lives but only one in four have merged any of them, new research reveals.

15/05/2021

Having a Covid vax won't affect your cover or a a new application.
Having Covid won't affect your cover and if fully recovered most applications.
Covid-19 vaccination will not affect your life insurance

I'm looking to buy life insurance but I'm due to get my Covid vaccination soon and heard a rumour that this could affect my premiums or policy. Is this true?

13/05/2021

Citizens Advice Bureau estimates that 42% of homeowners who had fixed deal mortgages that have ended since last March 2020 have just gone onto their lenders variable rate rather than switching to another fixed deal.

The standard rates are often more expensive than the fixed rates so they can be paying too much for their mortgage.

If you are worried about this get in touch and we can see if there are savings to be made.