Linda: Private Client
Linda turned 60 in June and came in for pension planning as she had pensions with Zurich that she didn’t know how to access or track down. She had never handled the finance in her household and had little experience managing her affairs.
Key challenges and solution
Linda met with Amy McKinnon, Chartered Financial Planner at gpfm. She had high protected tax-free cash, therefore gpfm recommended retaining the pension.
Using cash flow modelling, Amy explained how the pension would help provide an income in retirement and explained the policy she had.
After having gpfm recommended to her, the client said “I’ve recommended gpfm to several friends. I was in no way pressured or pushed; I was able to make my own choices. I had never dealt with a Financial Planner before, I didn’t know what to expect – I was very impressed.”
Quote from the client
“I turned 60 back in June and, looking at the paperwork from the pension provider, it might as well have been written in Greek. I didn’t know what to expect – I’m a very practical person but financial things mean nothing to me. I was apprehensive before meeting with Amy at gpfm, and I was worried about being baffled. Instead, it was simple, easy, and made me feel like I wasn’t so stupid after all.”
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This article is for information only and must not be considered as financial advice. We always recommend that you seek independent financial advice before making any financial decisions. We’ve changed the name of the client for privacy.
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gpfm are an independent financial planning company dedicated to the provision of personal, professional and objective-driven advice for our clients. We have been awarded the Chartered Financial Planners title by the Chartered Insurance Institute for offering high quality, independent and informed advice that meets the needs of our clients.
NB: For the purpose of privacy, the client’s real name has been changed in this case study.