Are you thinking about your longer term financial future? According to the Chartered Insurance Institute women are likely to be paid 30% less by working part time in comparison to their male counterparts. Furthermore a 5 year break (maybe as a result of maternity leave) could result in a pension pot worth 33% less. “When I look at my savings account, I don’t see pounds and pence, I see freedom.” – Merryn Somerset Web
Georgina Wright, a Chartered Financial Planner at Abbotstone Financial Solutions, discusses one of the most common concerns faced by clients in their financial planning. As an independent financial adviser I have found that one of the most regularly asked questions is “Will I have enough?” “Will I have enough?” This may be in terms of pensions, investments, savings and income – will there be eno
Money is the opposite of the weather. Nobody talks about it, but everybody does something about it. – Rebecca Johnson. For example, we all insure our car, thinking nothing of it, as it is far cheaper to insure than for us to pay out personally in the event of an accident (not to mention it is illegal to drive without insurance). Unless of course we do not have a car – then there is no point. But what about our
Women and Money – Starting an Emergency Fund Treat your mind like money, don’t waste it. – Sophia Amoruso is an American businesswoman. At age 22, she started an online eBay store selling vintage clothing and other items, which she named “Nasty Gal Vintage”. In 2016, she was named one of the richest self-made women in the world by Forbes. Your emergency fund is the foundation block to longer term savings.
What would happen if I got run over by a bus? Just think for a minute. Just think about what would happen if you walked out of the house today and got run over a bus. What would be the implications for your family, your parents, children, or grandchildren? What position would that leave them in? OK, I appreciate that it’s a bit morbid but it does get you thinking. What would happen? Anyway, I want to just push that a
Women and Money – Good Financial Habits/Finding a Place to Start It’s time for that financial overhaul. Maybe you’re tired of getting to the end of the month and counting the days (hours?) to the next pay day, or maybe it’s the reverse and you have excess that lingers in your bank account doing nothing. Whatever the motivation, it’s time to make your money work for you! So, where do you start? My advice is get a hand
Should I combine my pensions? Many people have multiple pensions from a series of employers and keeping track of them all can be a headache. Whether to combine them or not depends on a variety of elements: Where are your pension funds at the moment? What are the charges? How flexible are the contracts? What are the reasons for combining them? Although clients often think that there is a need to ‘tidy up’ their pensio
Women and Money – Is it different? I recently read a quote on a twitter feed – “A woman’s best protection is a little money of her own” (Clare Boothe Luce). Born in 1903, Clare Boothe Luce was an American author, politician, U.S. Ambassador and public conservative figure. She was the first American woman appointed to a major ambassadorial post abroad So? What do you think? I disagree – why settle for a li
Whether you are looking to start saving, or protecting and managing your wealth, at Abbotstone we have a range of services designed to offer you the service that you need at an affordable cost.
Financial Ombudsman Service
The Financial Ombudsman Service (FOS) is an agency for arbitrating on unresolved complaints between regulated firms and their clients. Full details of the FOS can be found on its website at www.financial-ombudsman.org.uk