If you do not have the tools to save, you do not have true freedom: this was the thrust of Jeff Prestridge’s keynote speech (Pension Advice Clifton Bristol).
Mr Prestridge, personal finance editor of the mail on Sunday and regular columnist for sister newspaper Financial Adviser, said “over the past 30 years pensions has gone from being boring to being front-page news and not always for the right reasons.
“But one message should be sounded loud and clear, nobody should be relying on the state pension. Not only will it be peanuts, but you will have to wait a long time for it”.
He also condemned the way in which Chancellor George Osborne, “that true-blue Prime Minister in waiting” seemed to be making up pension policies on the hoof”.
He also raised the issue of fees, calling on advisers in the room at the Crowne Plaza Hotel not to be ashamed or shy about declaring their fees.
Mr Prestridge told them: “Be braver on fees and disclosure. I have seen huge financial benefit good independent advice has been given to a family and it is worth every penny”.
“It will not put off potential clients. They know they will pay a clearly defined amount for this, they will get personal stellar financial advice.”
Mike Norman, director of a Financial Advising firm asked Mr Prestridge whether the press could promote the value of advice by making fees and the reasons for them clearer.
Mr Prestridge replied “This is a good idea but getting hold of quantitative data on fees across the UK can be tricky, which makes telling people how much to pay for advice difficult”.
Pension Advice Clifton Bristol
If you would like to speak with one of our Independent Financial Advisors and potentially receive financial advice, please contact us on 0117 923 7652. We are based in Clifton, Bristol but we are happy to service clients from across the UK and we provide free initial meetings at our client’s convenience.
Churchill Wealth Management Limited is located at 13 Alma Vale Rd, Bristol BS8 2HL, United Kingdom.
About Us: Churchill Wealth Management is a team of independent financial advisors/financial advisers (IFAs) based in Clifton, Bristol. We provide independent financial advice, including pension advice, investment advice, inheritance tax planning and protection/insurance advice.