Active Chartered Financial Planners

Active Chartered Financial Planners, a leading financial planning firm based in Teesside, has surveyed clients’ views at the beginning of 2024.

The survey of 1085 of the firm’s clients, generated more than 100 detailed responses:

• 61 per cent of clients’ top concern this is year is financial security in retirement; while 17 per cent fear for their families’ financial futures.
• 68 per cent say their outlook has been unhanged by improvements in economic indicators, such as falling inflation.
• 51 per cent think the Bank of England should hold interest rates, while 44 per cent think they should be cut.
• 63 per cent think the Prime Minister should wait until autumn to hold a general election, with 31 per cent thinking it should be sooner.

The findings underscore the critical role that financial planners play in helping clients achieve financial security. By providing expert advice and personalised financial strategies, advisers like those at Active can address these concerns and help clients achieve their financial goals, especially when reviewed on a regular, ongoing basis.

According to research by Aegon in 2021, people who seek advice from a financial adviser have more in their pension pot than those who do not. The survey of 10,000 people showed that those who take advice have, on average, £246,000 in their pension pot compared to £95,000 for those who don’t. It also showed that those who take advice reported total non-pension savings of £65,000 compared with just £32,000 for those who did not seek financial advice.

Karl Pemberton, managing director at Active Chartered Financial Planners, said: “Financial security in retirement is a common concern for many people.

“Our role as financial advisers is to provide our clients with the knowledge and tools they need to feel confident about their financial future. Whether it’s planning for retirement, securing their family’s financial future, or understanding the impact of economic indicators and interest rates, we’re here to guide our clients every step of the way.”

The survey results highlight the value of financial advice in providing reassurance and clarity to clients amidst economic uncertainty. By working with a financial adviser, clients can gain a better understanding of their financial situation and make informed decisions that align with their financial goals and risk tolerance.

ENDS

Contact Josh Mason on 01325 363 436

Issued on behalf of Active Chartered Financial Planners

Active Chartered Financial Planners is a team of specialist Independent Financial Advisers that provides a full suite of holistic financial planning services to private individuals, corporate businesses and professional practices. Being independent means that Active can offer its clients the best financial products, with no bias towards certain providers.

The highly coveted “Chartered” status, which it has held since in 2013, means Active works to standards matched by only a tiny proportion of financial planning firms. Chartered status is central to the business and demonstrates Active’s commitment to remain at the forefront of the industry.

With a history dating back to 1986, today Active is based at modern Head Offices in Thornaby (Stockton on Tees) and covers the entire North East and Yorkshire regions.

The team at Active is highly qualified; including 6 Chartered Financial Planners holding Fellowship status; the highest level of qualification awarded in the industry.

Active’s Financial Planning Services include:

• Investment Planning
• Retirement Planning
• Protection Planning
• Later Life Planning
• Planning for Your Business
• Mortgage Planning

http://www.activefinancialplanners.co.uk