Category: the media

Good grief! How to prepare for the financial consequences of death

It is a subject no one likes to talk about. But this week ‘death cafes’, crematoria tours and ‘ask a funeral director’ sessions will all be on offer to the public at venues around the country as a notorious taboo is lifted. These events are part of Dying Matters Awareness Week, organised by a coalition...

Money Makeover: ‘I’ve inherited £110,000 of shares, what should I do with them?’

If you inherited £110,000 in shares, what would you do with them? This is the question we were asked by The Telegraph recently. The “bank of Mum and Dad” features heavily in many young people’s finances, but for Lara Peake it is her great-grandfather who has given her a leg-up in her financial affairs. He...

How to meet the costs of long-term care

Thinking about how you’re going to pay for care in your old age may not be a pleasant task, but planning early is essential. The British population is getting steadily older. Nearly one in four people in the UK will be aged over 65 by 2040, up from around 18% today. That’s partly due to...

Fairstone NI brings in experienced advisers

Fairstone Financial Management has appointed four independent financial advisers to its Northern Ireland team based in Lisburn. Karen Black, Seainin Campbell, Raymond Hart and Paul McCord all join the firm from Ulster Bank in Belfast. Sean Larkin, business principal at Fairstone, said: “We are delighted to welcome four new financial advisers to join the team,...

The danger of pound-cost ravaging

With the introduction of pension flexibility, one of the biggest dangers to people’s retirement pots is the impact of so-called ‘pound-cost ravaging’. The term describes the negative effect of over-ambitious regular withdrawals if they are made after markets have fallen. ‘I explain to my clients that for them to have the retirement they want and...

Fairstone Financial Management NI appoints four Ulster Bank advisers

We’re delighted to announce that we have appointed four new advisers. Karen Black, Seainin Campbell, Raymond Hart and Paul McCord all join the firm from Ulster Bank in Belfast. Read the full story here.   

Retirement Planner – When clients want to retire VS when they can

If a comfortable retirement is to be a reality for your clients, you need to be encouraging them to ask some important questions, says Fairstone NI adviser, Peter Savage – and the sooner the better. As the government continues to increase the state pension age and life expectancy continues to rise, clients need to be...

Diversify away from UK equities for income growth

Craig is 51 and has been investing for 20 years. He is single, doesn’t have any debts and doesn’t own property. As well as his investment portfolio, he has a teachers’ pension. He was moved into a career average scheme in April, which won’t pay out until normal retirement age, but 3/8ths of £37,000 from...

Markets blow hot and cold, so make sure you’re insulated

Markets blow hot and cold, so make sure you’re insulated Each week The Sunday Times asks an expert for tips on how to invest £10,000. This is the last in our series focusing on investing during periods when interest rates are low — and could go lower still. Next week we will start a series...

Can your retirement income be both secure and flexible?

An annuity guarantees security in retirement, while drawdown offers flexibility. Can new guaranteed drawdown products offer you the best of both worlds? Since pension freedoms were introduced last April, retirees have had more flexibility and choice when it comes to taking their retirement income. They are no longer obliged to buy an inflexible annuity. However, with choice...