Lighthouse Financial Advice

Maybe like many people, you know you should be doing something about your finances but aren’t quite sure where to start. Or perhaps you never have time. Yet the sooner you take action, the more likely you are to achieve your financial goals.

Our Approved Partner Lighthouse Financial Advice can help you whatever your life stage, find the tab below that suits you...and as a CSMA Club member you are entitled to a no obligation, complimentary consultation worth £150*.

 
 

Lighthouse Financial Advice Limited (trading as Lighthouse Financial Advice) is an appointed representative of Lighthouse Advisory Services Limited which is authorised and regulated by the Financial Conduct Authority, Register No. 195199. Lighthouse Advisory Services Limited is a wholly owned subsidiary of LighthouseGroup plc Registered address: 26 Throgmorton Street, London EC2N 2AN, Registered in England No. 4795080.

Client Agreement and Client Proposition how we work with our clients; our services and fees »

*CSMA Club members are entitled to one complimentary initial consultation worth £150 which will take place in your home, place of work or by phone. The consultation will include a discussion about your circumstances and objectives, which will indicate areas where advice may be required. The adviser will explain ways of paying for his or her advice and you can then decide if and on what basis you wish to proceed.

Complimentary financial check up

As a member of CSMA Club you are entitled to a no obligation, complimentary consultation worth £150*, during which a qualified professional adviser will visit you at home or work (or phone you) and ask you about your circumstances and objectives to establish whether you could benefit from advice on issues such as:

  • investing for income & growth¹
  • boosting your pension provision: experts in civil service pensions
  • protecting your family’s income
  • maximising income in retirement
  • inheritance tax planning**
  • other aspects of financial planning

¹The value of your investments can go down as well as up, so you could get back less than you invested.
** Tax advice which contains no investment element is not regulated by the Financial Conduct Authority.

You are starting out on your chosen career, moving into your own place, and enjoying your independence. The whole of your adult life lies ahead of you and, quite naturally, thoughts of financial planning are probably far from your mind. In fact you may not have much disposable income once you have paid the bills, with the little that is left over quickly disappearing on going out, holidays and a few treats.

Yet by taking a few simple steps now, you can put in place solid foundations for your financial future, which should make things easier financially as you progress through life.

 

 


Savings & investments

Paying even a small amount each month into a suitable savings account or fund can build up a reasonable nest-egg surprisingly quickly - just what you need to pay the deposit on your first property, or for the honeymoon of your dreams.

Talk to our Approved Partner Lighthouse Financial Advice to find out which funds suit your timescale and attitude to risk, and whether you should opt for an New ISA, which can grow free of capital gains tax.

Pension contributions

Retirement may be the last thing on your mind, but the earlier you start building up your pension fund the better. Depending on your job, you may be part of a company pension scheme to which your employer contributes.

Lighthouse can explain how this works. If you are not part of a corporate scheme they will explain how you can start your personal pension plan. Contributions benefit from tax relief, making them one of the most cost-effective ways of saving.


Protecting your lifestyle

How important is your income to you? How quickly would you be able to get another job if you were made redundant? What would you live on if you had an accident or fell seriously ill?

Lighthouse can help you protect your income should the unexpected happen.

Mortgages & borrowings

Getting a mortgage is not as easy as it used to be. Lenders require sizeable deposits and have tightened their lending criteria.

Lighthouse can help you work out how much you really can afford, they will talk you through the various mortgages available and ensure you are not paying more than necessary.

Tax advice which contains no investment element is not regulated by the Financial Conduct Authority. The value of your investments can go down as well as up, so you could get back less than you invested. Your home may be repossessed if you do not keep up repayments on a mortgage or other loans secured on it.

A young family brings joy and new responsibilities. Your priorities and outlook change. You may now need a larger home, putting yet more strain on already over-stretched finances. You will want to give your children the best possible start in life, yet things are hectic, especially if you are juggling work and family life.

Making a few adjustments to the way your finances are organised can help you relax and enjoy these precious years when your children are young.

 

 

 


Savings & investments

You may not have much disposable income, yet if you want to send your children to private school and/or help them through university, or move to a bigger home you should start saving now. If your income is regular, then try and make monthly contributions to a suitable fund. If you receive bonuses then you may prefer to make lump sum contributions.

Our Approved Partner Lighthouse Financial Advice can help you work out how much you need to save and recommend funds suitable for your timescale and attitude to risk. Using tax-efficient funds can help your money grow faster.

Pensions & retirement

You should by now already be making regular contributions into either a corporate pension scheme or your personal pension plan.

Even though you may be feeling the strain financially, maintaining your payments will help ensure your pension fund stays on target.


Protecting your family

How would your family survive if it had no income? Starting a family is when many people decide to protect their income should they be unemployed, become seriously ill, or die.

Lighthouse can find policies which provide the type and level of cover you require – you may be surprised how affordable they are.

Mortgages & borrowings

If you haven’t already done so, this is a good time to review your mortgage. Lighthouse may find that you are paying more than you need to, perhaps because your original deal has come to an end.

Also, if you want to move to a larger property or extend your current home Lighthouse can help you secure the additional funding you require.

Tax advice which contains no investment element is not regulated by the Financial Conduct Authority. The value of your investments can go down as well as up, so you could get back less than you invested. Your home may be repossessed if you do not keep up repayments on a mortgage or other loans secured on it.

Children growing up - when your children leave home for university or start their careers you may decide to crack open that nest-egg to pay university fees or give them the deposit for their first property. With the family home strangely empty, you could find you have more disposable income: you are probably approaching the peak of your career – and your earnings.

This is the time to check that your investments and pension fund are on track to meet your objectives – if they aren’t you still have time to get back on track.

 

 

 


Savings & investments

You should review your investments to make sure they are on target to achieve your goals. Our Approved Partner Lighthouse Financial Advice can advise you whether any adjustments, diversification and rebalancing are required. If you need income, for instance to pay university fees, Lighthouse can recommend income-producing funds.

You may decide to realise some gains, for instance to help your children on to the property ladder, in which case you should consider the tax implications before deciding which investments to sell.

Pensions & retirement

Now is the time to make sure your pension plan is on target to provide you with the kind of lifestyle you are expecting when you retire. If it isn’t, what can you do to plug the shortfall? With restrictions on the amount you can contribute, you may need to look at alternative ways.

If you have changed jobs and have money in a number of different pension funds, it could make sense to consolidate them into a single fund.


Insurance & protection

If you haven’t already done so, this is a good time to make sure you are adequately covered should you or a member of your family fall seriously ill.

You may also want to consider taking out private health insurance.

Mortgages & borrowings

How long to go until you have paid off your mortgage? If you have spare cash you could consider increasing your monthly repayments. Making a lump sum repayment, for instance if you have received an inheritance, can reduce your monthly payments and outstanding capital but beware of early repayment penalties.

On the other hand, you may want to buy a holiday home or a rental property, in which case Lighthouse can advise you on the cheapest way of raising the money you need.

Tax advice which contains no investment element is not regulated by the Financial Conduct Authority. The value of your income from your investment can go down as well as up. Your home may be repossessed if you do not keep up repayments on a mortgage or other loans secured on it. Buy to let (pure) and commercial mortgages are nor regulated by the FCA. The value of your investments can go down as well as up, so you could get back less than you invested.

planning.jpg, 250x250pxApproaching retirement - Financially, things should be a bit easier now, your children are probably independent and you may already have paid off your mortgage. You like the thought of taking it a bit easier, having more time to do the things you enjoy, perhaps even working part-time or retiring early. Hopefully, you are still in good health, but you may have the worry of caring for elderly relatives.

Your main priority will be to preserve the value of your pension fund, investments and any money you have inherited, so you have enough to maintain your lifestyle when you retire.

 

 


Savings & investments

It may be the time to take a more cautious approach, for instance restructuring your investments to produce income - if you don’t need the extra income now you can simply reinvest it, potentially further boosting your retirement fund.

Retirement income is taxable, so check that your investments and savings are as tax-efficient as possible. Are you using your full ISA allowance?

Insurance & Protection

You may find yourself faced with the dilemma of caring for elderly parents or relatives. This is expensive and can quickly deplete the family’s accumulated wealth. However, our Approved Partner Lighthouse Financial Advice can help you plan ahead to meet the cost of nursing home care without selling your hard-earned assets.*

Also, inheritance tax now reduces the wealth of many families. Do you understand how it will affect yours? Are the Wills of all family members up-to-date and tax-efficient?

*Please read the Lightouse Financial Advice About us section for more information.


Pensions & Retirement

You would like to retire early, but can you afford to? What impact would this have on your assets, including those outside your pension? Even if you are retiring at the normal age you should check your pension and obtain projections to ensure you are on track.

Lighthouse can explain your options in the context of your current provision and future requirements.

Choosing an annuity is a once in a lifetime decision, so it is important to make the right choice. Find out how Lighthouse can help you get a higher level of income.

Mortgages & borrowings

If you haven’t already done so, you should consider paying off your mortgage and other loans. Your mortgage may allow you to make a substantial capital repayment each year, over and above your monthly repayments. Alternatively, you could repay more each month.

Either way, you will repay your mortgage sooner. But make sure you read the small print – repaying more than you are allowed to could incur heavy penalties.

Tax advice which contains no investment element is not regulated by the Financial Conduct Authority. The value of your investments can go down as well as up, so you could get back less than you invested. Your home may be repossessed if you do not keep up repayments on a mortgage or other loans secured on it. The value of your investments can go down as well as up, so you could get back less than you invested.

Retired - At last your time is your own to do all those things you always wanted to do but never quite got round to – travel, learn a new skill (or relearn an old one), help others and indulge yourself.retired.jpg, 250x250px

By securing your finances now you will be able to relax, knowing that you have enough income to enjoy a long retirement. Whatever your situation, we will recommend ways of maintaining your lifestyle through retirement and meeting any unexpected future needs. After all, the last thing you want is to be worried about money as you get older.

 

 


Savings & investments

Income will be your priority, so make sure your investments are generating as much as possible. Will your investments and income keep up with inflation?

Protecting your wealth

Most people would like to pass their remaining wealth on to their family, but unless you take steps to protect your assets, including your home, this is unlikely to happen.

Our Approved Partner Lighthouse Financial Advice can explain how you can make provision for nursing home fees, so you don’t have to sell the family home to pay for them*. We can also explain how to pass as much of your wealth as possible on to your family.

*Please read the Lighthouse Financial Advice About us section for more information.


Pension Options

Happily there is far more flexibility now in how you take your pension, so you can arrange things in a way that suits you. You might be tempted to take a tax-free lump sum on retirement, but what effect will this have on your pension fund and income later in retirement? If you are not in a final salary scheme, you will more than likely secure your income by buying an annuity. Prices vary considerably, so shop around to get the best deal.

You could receive substantially more income if you are considered to be above-average risk. Would you prefer guaranteed or variable income? What about your dependents? Will they continue to receive income should you die? Lighthouse can explain your options so you make informed choices about your retirement income.

Mortgages & borrowings

With your mortgage paid off, your home is likely to be your largest asset. You may be able to use it to generate a lump sum, for instance to buy a holiday home, or to generate additional income².

However, before doing so you need to make sure you fully understand the consequences.

Tax advice which contains no investment element is not regulated by the Financial Conduct Authority. The value of your investments can go down as well as up, so you could get back less than you invested. Your home may be repossessed if you do not keep up repayments on a mortgage or other loans secured on it. Buy to let (pure) and commercial mortgages are nor regulated by the FCA. Think carefully before securing other debts against your home. Equity release may involve a lifetime mortgage or a home reversion plan. To understand the features and risks, ask for a personalised illustration. Equity release may not be right for everyone. It may affect your entitlement to state benefits and will reduce the value of your estate.

Lighthouse Group wins FT Business Large IFA of the Year Award for the third year running

Below is a press release from Lighthouse about the awards that they have won.

Lighthouse Group is delighted to announce that, at the annual Financial Adviser Life and Pensions Awards luncheon hosted by FT Business, the Group won the Large IFA of the Year Award 2012.  This builds on the Group's success having won the same award in both 2010 and 2011.

The Large IFA of the Year Award 2012 was based on a detailed technical submission which was assessed by an independent panel of judges. The citation referred to the continuing high degree of professionalism evidenced in the advice to clients and the leading role Lighthouse was playing in managing change and developing new markets.

Malcolm Streatfield, CEO of Lighthouse Group, commented:  "We are delighted to have received this prestigious award, which is sponsored by FT Business, for the third year running. This is a testament to the ongoing hard work undertaken by the Lighthouse team throughout the year. Given the constantly changing regulatory landscape of our industry we are delighted to have once again achieved this recognition.”

Lighthouse Group is delighted to announce that at the 7th annual FTAdviser Online Service Awards, held on 20 June 2013, the Group came second from a shortlist of five and was highly commended for its online services in the category of Top Large Adviser. This is the first time that non-provider awards were given to large and small adviser firms.

 

Award_OSA2013_Letterhead (2).png, 159x150pxaward logos large, 444x72px