We understand what matters to people living in Macclesfield and the East Cheshire area

Bradshaw Bennett IFA News

Financial news affecting people living in Macclesfield, Wilmslow, Alderley Edge and the surrounding areas of East Cheshire.

Will your Independent Financial Advisers be able to continue to act for you after 2012?

Independent Financial Advisers will be required to hold a Diploma level qualification in order to continue to provide financial advice on investments and pensions after 31st December 2012.

This means that some less qualified advisers (for example those who are currently certified financial advisers) will be unable to offer advice to their clients and they will either retire from the financial services industry or move into a Financial Paraplanner/Research role within existing businesses. This includes many highly experienced advisers with 20 or even 30 years in the industry.

Update on The Pensions Act 2008 - what should I do?

From October 2012 it is planned that all eligible workers, who are not already in a good quality workplace scheme, will begin to be automatically enrolled into either their employers’ pension scheme or a new ’national’ pension scheme, now known as NEST (National Employment Savings Trust).

You really need to act now to get real benefit from these changes. I have prepared some specific information for our clients to brief them about the changes and what they should do.

Another satisfied customer - will you be next?

"Thank you very much for the way you handled the whole process of my life assurance application.

It is a considerable saving each month compared with the previous insurer, equating to nearly £150 a year, so thank you so much for all your time and your helpful attitude.

We are also very pleased with the savings plan you’ve set up for us, once again demonstrating a much more proactive and positive approach than our previous provider – very glad we came to you!"

Lindsey and James Russell

Macclesfield

Financial Advice for BAE Systems employees, Woodford

Here at Bradshaw Bennett Independent Financial Advisers in Bollington, we are well aware that Woodford is due to close in 2012 when the production of the Nimrod MRA4 is completed. Obviously this is a real blow to our local community and the families that will be affected.

If you know anyone at Woodford who may want to talk about their early retirement options or how to make the most of their redundancy payment, please feel free to pass on our details and we will be pleased to help with practical financial advice. 

Do you want to wait until you are 68 before you retire or would you prefer to stop work at 55?

State Pension ages are currently set to increase to 68 for men and women.

Currently, the State Pension age is 65 for men and 60 for women, but from 5th April this year (2010) over the next 10 years, the state pension ages for both men and women will be brought into line gradually so that both men and women's retirement ages will be 65.

But it doesn't end there!

Between 2024 and 2046 the State Pension age will increase for both men and women.
This increase will also be gradual, happening over two years every decade.

This will mean that:

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