St Mary's Court
© MD Consulting 2012
Where in the world can you get financial advice you can really trust?
If you are looking for unbiased advice, backed by reliable investments, then you should spend some time looking at our proposition.
Financial Advice has developed so much over recent years that it now covers a huge spectrum of financial planning opportunities. Many of these areas are becoming increasingly complex. All the more reason why you need to find an adviser you can work with.
Putting your interests first
If your relationship with your financial adviser is successful, you'll work together for many years. We're truly dedicated to staying with you for the longer term, not simply because it's in our interests, too.
Whatever your financial goals or personal circumstances, the service has been designed to give you the information and advice you need.
Delivering tailored financial solutions
We are dedicated to helping you achieve your financial and life goals by recommending excellent solutions and products from trusted institutions whether they are UK based or offshore. To that end, we've spent many years seeking solutions we are happy to recommend, as well as financial partners that share our vision and priorities.
As a firm, we do not have 'a typical client', nor do we have a single style of delivering advice. Our clients encompass a wide and diverse range from all walks of society, income levels and asset bases, and our advice ranges from the provision of specific investment advice, to a more holistic approach to a person’s financial planning.
We also provide flexibility in the way we are paid for the advice we give and the work we do, so if like us you have a preference for fees rather than the more traditional approach of taking commissions on products sold, we can accommodate you.
In meeting new clients we will look to conduct a comprehensive analysis of their circumstances. By establishing in detail your aims and objectives, and thoroughly understanding your current situation, we provide advice on the products and services that will help you reach your goals.
Financial planning is an ongoing, continuous process, running throughout a person’s lifetime. Planning for the future or for your children and grandchildren’s future can even start before birth through the creation of trusts, and the benefits can last well beyond the grave through effective estate planning.
We take a balanced view of your financial needs now and in the future. So we can help you plan effectively, providing you with the advice you need when you're working, and help you when you finally retire. We make the effort to understand your medium and long-term plans. How long will you be working? Are you aiming to retire fully, or gradually over a few years? When will you need your funds to be available in the coming years? We will advise you accordingly.
Although we seek to provide individual holistic advice, a number of financial planning areas feature widely across our range of clients. These areas are the more mainstream subjects of financial planning: Pensions, Investments and Protection.
Look at all of your pensions: As part of a structured pension review, you will need to consider the impact of your existing pension arrangements on your retirement needs. This may not be straightforward, with possible entitlements from personal pensions, company pensions and the basic state pension to be considered. You may also have an entitlement from the State Earnings Related Pension Scheme (SERPS) or the State Second Pension (S2P), unless you have already opted out.
Understanding your pension entitlement: Your potential state pension benefits can come in up to three parts, depending on your age. These are the basic state pension, the graduated pension based on contributions from April 1961 to April 1975, and more recently, SERPS or the Second State Pension.
Your basic pension: To obtain the maximum basic state pension you will need to have paid, or been credited with National Insurance contributions for approximately nine tenths of your anticipated working life. If you want to find out about your own National Insurance contribution record you can apply for a pension forecast from the Department of Social Security (DSS) using form BR19.
Death Benefits: This very important feature of most Occupational
schemes is often overlooked in financial planning terms, and in conjunction
with a review of your protection needs, can often result in cover being
A review of your cover may save you money: Most people put off reviewing their life assurance and protection needs for as long as possible, but as you get older, the risks of death or serious disability increase, and taking advice about life assurance and protection needs should become a priority. Even if you feel that you have sufficient cover, you may find that a review of your insurance might save you money. The cost of life insurance has fallen dramatically in recent years, so topping up your cover, or replacing existing cover might be cheaper than you think.
Whilst it is important to ensure that the risks are covered, and that you are adequately insured, it is equally important to ensure that you are not paying premiums needlessly. Being over insured means paying higher premiums than necessary, money that could be better employed elsewhere. Our client reviews seek to ensure that you only pay for the cover you need, and we bring to your attention any shortfalls in cover, or situations of over insurance.
Are your insurance policies held within a trust arrangement? If not are you aware that any benefits may well end up inside your estate, and potentially subject to a 40% Inheritance Tax charge. There are many reasons why you might not want to place certain policies within a trust arrangement, but outside of those, it makes sense to leave as much of the benefits to your beneficiaries rather than the Inland Revenue. Our review of your policies will bring to light any planning opportunities that might arise in this area.
The flexibility of alternative investments
Whether through breaks from work, or periods on non-pensionable employment or a variety of other reasons, many people are realising that they need an alternative strategy for their income in retirement. There are many reasons why the flexibility of more accessible investments would make them an attractive alternative for someone saving for retirement. However, rather than get sucked in to the next investment fad, you could consider making long-term investments in consistently high performing, low charging products from stable companies to build a nest-egg for your retirement.
Arranging a balanced portfolio of investments
MD Financial Services can recommend a portfolio of investments from appropriate investment houses, across a range of risk profiles and time periods. We work with you to understand your objectives - for example, educating your children, saving to purchase another property, or any other purpose.
Few of us like to think about dying, but equally few of us could live with the thought that we have not made adequate provision for family and friends who survive us.
The legislation that governs passing on your estate to your chosen beneficiaries requires you to plan well in advance. Since none of us knows when we shall die, this means making the necessary provisions now.
The earlier you make the arrangements, the greater your chance of taking full advantage of the tax opportunities available and thereby maximising the amount that goes to your beneficiaries. Nothing is more demoralising than the thought that a substantial slice of the wealth you have worked hard to accumulate will end up in the Government's coffers!
It is equally important when planning to transfer your estate that you make adequate provision for yourself and your spouse in your later years. Striking this balance calls for considerable skill and foresight - and a detailed knowledge of the tax regime.
We provide a discreet estate planning service that includes:
We strongly advise you to begin your estate planning right away by contacting us for a preliminary review.
MD Financial Services is a trading name of Birchwood Investment Management Ltd who are authorised and regulated by the Financial Services Authority.