Active Chartered Financial Planners

Active Chartered Financial Planners, a leading financial planning firm based in Teesside, has surveyed clients’ views on priorities for the Chancellor ahead of his Autumn Statement on 22 November.

The survey of 1085 of the firm’s clients, generated 120 detailed comments:

• 42 per cent of clients feel less confident about their financial future now compared to the same time last year; only 7.5 per cent feel more confident.
• 61 per cent consider financial security in retirement to be their greatest financial concern.
• 12 per cent consider financial protection for their family to be their greatest financial concern.
• 7 per cent are most worried about inheritance tax.
• Clients’ top priorities for the Chancellor are: economic growth (29 per cent); tackling inflation (21 per cent); and healthcare (17 per cent).

The managing director, Karl Pemberton, has written to the Chancellor, outlining the significant issues affecting his company’s clients, calling for them to be addressed in the upcoming Autumn Statement, scheduled to take place on 22 November.

On financial security in retirement, Pemberton informed the Chancellor that many individuals are increasingly worried about the prospect of maintaining their desired standard of living in retirement. With the cost of living continuing to rise, the firm urges the Chancellor to explore measures that enhance pensioners' financial stability in their retirement years. This includes options to encourage pension savings and provide incentives to safeguard retirement income. Additionally, the firm highlights the impact of a poor investment market and economic growth in recent years on pension portfolios, which has affected many savers and investors.

In his letter, Pemberton also expressed the desire of clients for an increase in personal tax allowances. A higher personal allowance would not only put more money back into the pockets of all consumers but also stimulate economic growth by encouraging consumer spending. The firm proposes an incremental increase in personal tax allowances to ease the financial burden on individuals and encourage investments in families, businesses, and the broader economy.

The clients of Active Chartered Financial Planners strongly support the redirection of funds to support infrastructure development in the North East. This strategic move, Pemberton says, not only holds the potential to generate jobs and stimulate local economies but also addresses regional disparities, aligning with the government's commitment to 'levelling up.'

Karl Pemberton, managing director of Active Chartered Financial Planners, said: “The forthcoming Autumn Statement is an opportunity to address the pressing concerns of our clients, who represent a range of political viewpoints, which are undoubtedly indicative of wider sentiment. The Chancellor has the opportunity to deliver an equitable and prosperous future against a challenging fiscal backdrop.”

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