As Independent Financial Advisers (IFAs) navigate the evolving landscape of financial planning, a significant shift is occurring. Increasingly, both advisers and their clients are recognising the benefits of moving away from FCA-regulated intermediation to a more holistic and meaningful generic financial planning approach. This transition not only offers a smoother lifestyle for advisers but also … Continue reading Transitioning from FCA-Regulated Intermediation to Meaningful Generic Financial Planning: A New Paradigm for Independent Financial Advisers
Tag: retirement-planning
Transforming the Financial Advice Industry into a Holistic Financial Planning Profession
Centralised Investment Propositions: The New Norm In the UK, approximately 90% of financial advice firms have adopted centralised investment propositions (CIPs). These are standardised investment strategies or portfolios managed either by the firm itself or a third-party provider. The primary goal is to streamline the investment process and ensure consistency in the advice given to … Continue reading Transforming the Financial Advice Industry into a Holistic Financial Planning Profession
The Shifting Landscape of Financial Planning: Multi-Generational Retirement and Wealth Management
As demographic shifts reshape the composition of families, the challenges facing financial advisers are becoming increasingly complex. In the UK, the phenomenon of multi-retiree families is on the rise, with projections suggesting that by 2044, as many as 1.4 million families will have more than one generation retired. This demographic shift poses significant challenges for … Continue reading The Shifting Landscape of Financial Planning: Multi-Generational Retirement and Wealth Management
Your Money or Your Life: Enjoy Wealth in Every Area of Your Retirement!
By Steve Conley, author of Your Money or Your Life: Unmask the highway robbers-Enjoy wealth in every area of your life Paperback – Illustrated, 6 Jun. 2019. Abstract This article challenges the predominant narrative promoted by financial institutions that emphasise financial preparedness as the cornerstone of retirement satisfaction. Empirical evidence from the National Bureau of Economic … Continue reading Your Money or Your Life: Enjoy Wealth in Every Area of Your Retirement!
Bridging the Financial Advice Gap: A Holistic Approach Beyond Traditional Savings
"Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid." - Albert Einstein. In a world where financial advice is often synonymous with asset accumulation, a glaring disparity remains starkly evident: the financial advice gap. This chasm … Continue reading Bridging the Financial Advice Gap: A Holistic Approach Beyond Traditional Savings
Empowering Retirement: The Essential Shift from Financial Advice to Financial Planning
In recent years, the narrative surrounding retirement planning has been heavily shaped by the insurance industry, with a strong emphasis on the need for long-term savings, investments, and insurance products. Market research often projects this perspective, aiming to guide consumer behaviour towards more traditional financial advice. However, a disconnect persists between what retirees truly seek … Continue reading Empowering Retirement: The Essential Shift from Financial Advice to Financial Planning
Reimagining Retirement: Challenging Fear-Based Financial Narratives
A recent Canada Life survey reveals a stark reality: 49% of Brits under the age of 66 anticipate working beyond the State pension age. The reasons are as concerning as they are common: insufficient pensions, rising cost of living fears, and anxiety about outliving their savings. Moreover, there's a palpable worry about the health impacts … Continue reading Reimagining Retirement: Challenging Fear-Based Financial Narratives
Holistic Financial Planning: The New Paradigm in Personal Wealth Management
In a rapidly changing financial landscape, the traditional methods of planning are being overtaken by a more comprehensive approach known as holistic financial planning. Unlike conventional strategies that primarily focus on financial assets, holistic planning considers the entire spectrum of an individual's tangible and intangible assets. It's a philosophy that integrates the facets of mind, … Continue reading Holistic Financial Planning: The New Paradigm in Personal Wealth Management
Redefining Retirement: Embracing a Holistic Approach to Financial Resilience
Shifting the Focus: From Enriching Bankers to Fostering Sustainable Livelihoods for All In recent discussions within the financial sector, see FT Adviser 'Retirement needs to be considered in the wider picture of financial resilience', a prevalent narrative pushed by many bankers and supported implicitly by governmental actions is the utilisation of pension funds to bolster … Continue reading Redefining Retirement: Embracing a Holistic Approach to Financial Resilience
Bridging the Real Retirement Gap: A Blueprint for Sustainable Livelihoods
In the UK, an alarming trend is emerging among those nearing retirement. Nearly 1.2 million adults aged 60 to 65 are entrenched in poverty, marking the highest poverty rate for any adult age group. This demographic is caught in a precarious 'cash flow valley'—a period too young for state pensions but often too old to … Continue reading Bridging the Real Retirement Gap: A Blueprint for Sustainable Livelihoods
Academy of Life Planning 