Why should I embrace the ups and downs of stock markets?

Life is never a smooth road and we all experience ups and downs; what everyone learns is that it’s impossible to predict what will happen. We can only make the best choices we can and expect both good days and bad.

Top three tips for...-deposit savings

In our new series of blogs, members of our team discuss their ‘top three tips’. Here Andy Kirk's reveals his top three tips for deposit savings:

Is care leaving you confused?

At The Goodman Care Fees Advisers, we’ll make you aware of the various options, explaining clearly how they work and help you to reach an informed decision that you feel happy with.

The State pension - isn't it basic?

The State pension was never meant to be somebody’s sole way of financing their latter years; in fact, it is referred to as the ‘basic State pension’, so should arguably just be a starting point.

Legal and financial services for vulnerable clients

We are inviting solicitors to attend a presentation aimed at supporting vulnerable clients.

Trying their best

As our England rugby team takes on the best in the world in Japan, here’s our tribute to them.

Now's the time to 'be prepared'

While we are supporting our clients to ‘be prepared’, The Financial Wellbeing Index 2019 reveals that employees are under-prepared and lacking confidence when it comes to retirement saving.

Top three tips for… investing in uncertain times

In our new series of blogs, members of our team discuss their ‘top three tips’. Here Stuart Foden reveals his top three tips for investing in uncertain times.

How we can all age confidently

In a recent policy document entitled ‘Ageing Confidently the Centre for Social Justice (CSJ) argued that the state pension age should rise to 70 by 2028 and to 75 by 2035

The OTS suggests ways to simplify Inheritance Tax

In January 2018, the Chancellor asked the Office of Tax Simplification (OTS) to review a wide range of administrative and technical aspects of Inheritance Tax.

Top three tips... during retirement

In our new series of blogs, members of our team discuss their ‘top three tips’. Here Partner, Andy Smith, reveals his top three tips to think about during retirement.

There isn't a never ending porridge pot

Did you know? The figure you decide to drawdown monthly can be scaled up or scaled down, as you settle into your own particular retirement routine.

Is it time to care about care?

Here at Goodman Care Fees Advisers, we use our many years of experience and specialist qualifications to guide you through the various funding options and help you decide on the most suitable strategy.

Finding second properties taxing?

A second home might not be the investment opportunity it looks and it shouldn't be relied upon as a 'pension pot'.

Top three tips for... investing in trusts

In our new series of blogs, members of our team discuss their ‘top three tips’. Here Graham Hubbard reveals his top three tips for providing suitable investment advice to Trustees.

The sky's the limit

Partner Andy Smith is taking to the skies later this month to bravely embark on a tandem skydive.

Don't let a scammer enjoy your pension

A video from the Financial Conduct Authority (FCA) very briefly and powerfully shows how easy it to be taken in by a pension scam.

Why it makes sense to take advice

Pension freedoms has undoubtedly brought benefits and given people choice – but the options it offers are wide and everyone is in a different financial situation.

Working it out

The number of those aged 70 who are in full- or part-time employment has been steadily rising year on year for the past decade, according to Office for National Statistics (ONS) data.

Wishing Graham well

After 15 years with The Goodman Partnership, we wish Graham Rose well as he retires.

Are you on the ball with planning for care fees?

To celebrate the FIFA Women's World Cup in France, here’s a blog about care fees funding, which features all the names of the England team!

Top three tips for… preparing for care

In our new series of blogs, members of our team discuss their ‘top three tips’. Here Partner Neil Whitaker reveals his top three tips for preparing for care.

Are you tempted to splash your cash?

The flexibility offered by pension freedoms has given real choice to consumers – but the key thing is to approach this opportunity with a clear head and make prudent financial decisions.

Anyone for cricket?

Last summer we wrote a piece about our services which included all the members of the England football team, so we thought we’d do the same for our England cricket team.

Are you getting into a State?

According to recent statistics from the Office for National Statistics (ONS) 17% - or the equivalent of nearly one in five UK pensioners - are surviving solely off State benefits, with no personal savings or investments.

Top three tips for... retirement planning

In this new series of blogs, members of our team will discuss their ‘top three tips’. First to contribute is Partner Andy Kirk, who reveals his top three tips for retirement planning:

When a child is born

While many people with young children probably feel a lot older – and certainly more tired – than their childless friends, the fact remains that people who have children statistically live longer than those who don’t.

We've got your back

When it comes to wealth management, we would always argue that you’ll be in a better position if you seek good advice.

Can you afford to rely on an inheritance?

Don’t assume that you’ll be able to work until you’re 70, don’t get tempted by a ‘too good to be true’ pension scam, don’t rely on your current good health continuing into old age and, equally, don’t assume you’re going to benefit from an inheritance.

Will you still be going strong at 100?

With an increasing number of us living up to 30 years post-retirement, it’s worth being as well prepared as possible. We can help you to understand if your lifestyle needs can be met in retirement and how the different options of drawing benefits compare.

Nothing is certain except… death and taxes

Once you’ve made the decision about who you’d like to receive your pension on your death, it’s also sensible to consider the tax implications of your decision for those beneficiaries.

Does your pension have a Will of its own?

We will all die one day and, for this reason, it’s important to nominate who we’d like to receive the benefits of our pension for when that eventuality arrives.

There's no place like home - or is there?

For most of us, our home is our largest asset – so it’s no surprise that it’s something people consider when they are looking towards retirement - perhaps even regarding it as their ‘pension’.

Meet… Nikki Ludgrove

Nikki Ludgrove has been with The Goodman Partnership for nearly 18 months now and works in the paraplanning team. She gets involved with client reports, annual client reviews and provides support to the financial advisers.

Who wants to live forever?

With living to 100 years old now an achievable possibility, is there anything we can do to help us along the way?

Not working 9 to 5

The majority of people in their 60s are healthy and, in general, enjoying their life. Most are well enough to still be working and, according to research, working can be beneficial to our health.

Meet... Graham Hubbard

Graham Hubbard joined The Goodman Partnership as an adviser in 2016 and provides advice in the areas of wealth management and retirement planning, both pre- and post-retirement.

Are you following the right path?

The Financial Conduct Authority (FCA) is consulting on measures to stop up to 100,000 consumers a year losing out on pension income when they access the pension freedoms.

Continued focus on wealth management business

The Goodman Partnership has sold its Employee Benefits division to Goddard Perry Consulting and will continue to grow its long-established personal financial wealth management business.

A more cautious approach to pension freedoms?

According to the latest figures from HMRC, in the last quarter of 2018, the amount people withdrew from their pension funds fell to its lowest level since pension freedoms were introduced in 2015.

Love is a battlefield

Divorce can be a battlefield and, often, it is the division of pension wealth which can be used as a weapon. Even in the most ‘civilised’ of proceedings, this can cause a stumbling block.

Are you about to invest in a pension scam?

A ban on cold calling about pensions is now in force and firms who break the rules could face penalties of up to half a million pounds. However, it is likely that many fraudsters may ignore the ban and people should remain vigilant.

How can I meet the cost of any future care fees?

Goodman Care Fees Advisers specialises in providing truly independent advice to clients, deputies and attorneys on later life financial planning issues, including how to meet the cost of care fees.

Achieving your future goals

When the Government introduced pension freedoms in April 2015, it was hailed as giving us ‘freedom and choice in pensions’. While ‘freedom’ was at the centre of this plan, it didn’t extend to the State pension.

Meet... Kathryn Feck

Kathryn Feck joined The Goodman Partnership in 2015 when it expanded its client services team and her role involves assisting the firm’s advisers.

The hopes and fears of retirement years

The prospect of retirement brings a mixture of emotions - excited anticipation coupled with worries about health and whether we'll have the funds to enjoy a stress-free time.

Out of the frying pan into the FIRE

Living a frugal life and saving every penny possible could give you the opportunity to retire years early... but shouldn't we be making memories along the way?

Love where you live

According to the Happy at Home Index published by Rightmove at the end of last year, Tunbridge Wells is the ninth happiest place to live in the UK. We love being based here!

Ban on nuisance calls about pensions comes into force

A ban on nuisance calls about pensions has now come into force but people are still being urged to be on their guard.

Why soft skills matter

Andy Kirk was awarded the Later Life Adviser Accreditation and became a full member of SOLLA in December 2013. This meant that, in December last year, he went through - and passed - the full accreditation process again.

Time will tell

Spending extended periods of time together means we might notice that our elderly relatives simply aren’t coping as well as they had been previously.

Meet... Richard Searle

Senior paraplanner, Richard Searle, says he enjoys the research aspect of his role; helping to find our clients the most appropriate and tax efficient solution for their needs.

Riding out stock market volatility

At The Goodman Partnership, we have implemented a number of processes and ideas over the last year in anticipation of increased stock market volatility.

Why can't a woman be more like a man?

It would be easy to assume that elderly women are healthier than their male counterparts since they tend to live longer – but new research from the University of Exeter shows that this is not the case.

Who needs to take advice?

According to a recent poll, it would take a windfall of over half a million pounds before most would call in a financial adviser…

Will your life be as well lived?

We have recently heard about the deaths of two remarkable people – Harry Leslie Smith and Baroness Trumpington – both examples of a life long lived and lived well.

Meet... Andy Smith

Partner Andy Smith joined The Goodman Partnership 20 years ago. Today, in addition to his day to day role in retirement planning, as a member of the management team at the firm, he is the compliance officer.

A lack of understanding

A recent report has revealed that just two per cent of young people aged 18-24 would invest a windfall in a pension, the same proportion that would gamble it in a casino...

Helping vulnerable clients

With two full members of SOLLA at The Goodman Partnership – Neil Whitaker and Andy Kirk – we are proud to learn that SOLLA is behind one of 12 projects shortlisted in the Innovation for Ageing industry competition.

Advice is key

The latest figures from HMRC reveal that since the pension freedoms were introduced three and a half years ago, nearly £22 billion has been withdrawn from pension plans.

Deciphering your dashboard for you

With the Pensions Dashboard planned to be launched next year, pension holders will still need experts to help them decipher the information contained on it - just the same as with the dashboard on a car.

Your healthy options

The majority of clients who approach us to discuss their financial plans for retirement are in good health but none of us can be sure of what’s around the corner and our advice will always take this into account.

Keeping up standards

SOLLA used its 10th Anniversary National Conference in London recently to reveal the introduction of a Later Life Lending Standard, which will be available early next year.

The time has come to care about care

Baroness Altmann told delegates at the SOLLA 10th Anniversary Conference that the fact we are living longer should be great news… but the Government needs a New Deal for 21st century retirement.

Discretionary trusts and tax considerations

As a trustee on a discretionary trust, you’re not only expected to make financial decisions for somebody else, but you may be asked to explain and justify those decisions.

Meet... Stuart Foden

Stuart Foden joined The Goodman Partnership 16 years ago and is now the firm’s Paraplanner Manager.

People would rather 'live in the moment'

A recent report from the consumer organisation Which? – Beyond Social Care: Keeping Later Life Positive - shows that only a small number of us are saving for care in later life, despite the high costs faced by many.

A stricter referrals process

Recently The Goodman Partnership hosted a seminar at The Spa Hotel in Tunbridge Wells for local COLPs – those representatives at a law firm who are the Compliance Officer for Legal Practice.

Fighting back against cyber attacks

The Goodman Partnership is proud to have recently achieved the Government’s Cyber Essentials PLUS accreditation, having been independently assessed by IASME.

GUEST BLOG: The Sandwich Generation

We are delighted to feature this Guest Blog from Close to Hand about the Sandwich Generation; those who are caught between caring for their children and supporting ageing parents.

Why we all need to comply

Not following the associated rules and regulations surrounding workplace pension schemes can potentially mean hefty fines and, recently, we have seen more evidence that TPR will seek out and prosecute firms which aren’t following the rules.

Meet... Andy Kirk

Andy Kirk's role is as an investment specialist, advising clients – mainly at or approaching retirement – who are looking for wealth management as well as those who need advice on funding for care fees.

The young ones

UK employees are among the most gloomy in the world about their retirement finances, with fewer than one in 10 young workers feeling financially prepared for retirement.

We do like to be beside the seaside

In 50 years’ time, there are likely to be an additional 8.6 million people aged 65 years and over – a population roughly the size of London although, in reality, they will probably be living on the coast.

Working with you into retirement

State pension age is no longer the defining 'retirement moment' at which we stop work; today many people are looking to continue working in retirement, some part-time.

Why setting up an LPA makes sense

When clients come to us to discuss their financial plans for retirement, we always ask them if they’ve considered taking out a Lasting Power of Attorney (LPA) as not having one can cause many issues when trying to assess funds – particularly for a partner.

Talk at care home recognised by CQC

A presentation about care funding we took part in recently at Lindfield Christian Care Home has been praised in a report from the Care Quality Commission (CQC) which recognised the home as being ‘outstanding’.

Meet... Ian Knipe

Office Manager, Ian Knipe, who joined The Goodman Partnership in October 2000, has a wide brief at the firm, managing the smooth running of the office. It is a role which encompasses accounts, IT, payroll, client services and compliance.

How prepared is the UK for retirement?

According to a recent report from the FCA, in all areas of the UK, greater proportions of retirees rely on the State Pension than those 45 and over approaching retirement expect to do

The sandwich generation meets the club sandwich

Some middle-aged people are stuck in the ‘sandwich generation’, supporting children while, at the same time, caring for elderly parents. Others are even in the 'club sandwich' with grandchildren depending on them too.

Updated code to combat pension scams

The Pension Scams Industry Group (PSIG), the voluntary body set up to combat pension scams, has updated its code of practice: Combating Pension Scams - A Code of Good Practice.

A caring approach to care

At the moment, only 63 per cent of people seek professional advice on covering care costs – which is a worryingly low figure, particularly when one considers that 24 per cent (or one in four) self-funders run out of money and need state support.

Nobody has a crystal ball

Clients and, indeed, potential clients, often ask us about our investment strategy. It’s quite a tricky thing to outline, because every client is different and, at the end of the day, nobody has a crystal ball which predicts the direction of the worldwide economy. We wish we did.

When not seeking independent advice can be taxing

When it comes your pension investments, we can help lead you through the legislative frameworks to minimise the effects of paying unnecessary tax.

Going crazy for Crazy Jeans

We were delighted to support the fantastic first ever Crazy Jeans soap box race on Saturday 16 June in Dunorlan Park, Tunbridge Wells.

On target with The Goodman Partnership

Our tribute to the England World Cup team 2018.

Keeping everyone engaged

While the employer itself is our client, we regard engaging with their staff and getting them onboard with the service we are providing is essential.

People still being scammed

While pension freedoms have undoubtedly given people more flexibility and choice when it comes to planning for their retirement – recent evidence also shows that the number of people being scammed since their introduction three years ago has grown.

Meet... Simon Pockett

Simon Pockett is yet another long-standing team member at The Goodman Partnership, having been with the firm for over ten years now.

Time for a financial mid-life MOT

Unlike our cars, we can’t replace ourselves when we get a bit too old or rusty – so it makes sense to talk to a professional and see how we can potentially reach old age in the best financial state.

Compliance is not optional

The Pensions Regulator has made it very clear that when it comes to workplace pension schemes, non-compliance will be investigated.

Many people are still in the dark

While we’ve been busy telling our clients about pension freedoms and what it means for them for a while now, new research shows that there is still a lack of awareness out there among those approaching retirement about these changes.

I hope I die before I get old

We know that, for many people, planning for their retirement isn’t very high on their agenda. One would tend to assume that’s because they are too busy enjoying life to start worrying about the future… However, new statistics from the Institute for Fiscal Studies (IFS) paint a different picture. The figures show that many of us just assume we won’t live that long…

Sharing in the success

Share incentive schemes is one particular employee benefit which, currently, is offered by more than 10,000 UK companies to their employees and which benefit from government tax concessions.

Ensuring your workplace pension scheme remains compliant

All businesses that employ at least one person are legally required to operate a workplace pension scheme. However, simply putting one in place isn’t enough; The Pensions Regulator (TPR) requires that it is set up to meet its rules, monitored regularly and delivers good outcomes for members.

Meet... Jada Kwong

Jada Kwong joined The Goodman Partnership in 2013 and is now our senior client services co-ordinator. She says that her role – although always in client services – has evolved over the years.

A trustworthy role

In addition to advising individuals on wealth management, we can also advise people who have been appointed as an attorney, a deputy or a trustee.

Giving scammers the cold shoulder

By early summer we should be seeing a ban on pensions cold calling - which has led to many people at or near retirement falling victim to fraud and being scammed by criminals out of millions of pounds.

Contributions to increase

If you’re an employer that has already set up a Workplace Pension Scheme for your staff, then you need to be aware that the minimum contributions are increasing from next month (April 2018).

A decision you care about

According to a new survey of 1,000 people, carried out for the Care Quality Commission (CQC), choosing adult social care in England is one of the biggest sources of stress today, compared with other key life events.

Goodman Chartered Financial Planners is a trading name of Fairstone Financial Management Ltd. Fairstone Financial Management Ltd., is authorised and regulated by the Financial Conduct Authority – FRN: 475973 Registered in England and Wales no: 05574120. Part of the Fairstone Group. Where you have a complaint or dispute with us and we are unable to resolve this to your satisfaction then we are obliged to offer you the Financial Ombudsman Service to help resolve this. Please see the following link for further details: www.financial-ombudsman.org.uk.