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Ray Prince's Articles in Finance

  • Have You Clearly Defined Your Goals? - Living the Life You Want to Lead
    When we meet a new client or review the financial affairs of someone we have known for some time, the first thing we automatically concentrate on is what goals in life do they have? For a new client - how can we as planners really encourage them to think about what they want to do with their lives? For existing clients - we know their goals and so where are they on this journey? Are there any new factors to consider?
  • Financial Sales Vs Financial Planning - What You Need To Know
    One of the challenges we face as Fee Based Planners and Wealth Managers is how do doctors and dentists get to know about Graeme and Ray and the job we do? After all, we know (and our existing clients tell us), that we are providing our clients with exactly the kind of service they want, and they love the way we work for them and not the product provider.
  • Smarter Ideas For Current Accounts
    When we meet new clients and agree to work together, the number one aim we have for them is that they achieve their monetary and non-monetary goals in life.
  • With Profits Pension Funds - Beware
    If you have a "with profits" pension, or are being advised to invest in one - read on urgently. A survey by Money Management, an established personal finance magazine, has once again highlighted the sinking payouts to many investors from well known investment brands.
  • Portfolio Turnover - The Hidden Cost of Active Management
    The activities undertaken by an active fund manager normally result in higher annual management charges. This is what you would expect as they must carry out more research and analysis than a passive "manager". However, what few clients fail to appreciate is, the buying and selling of shares within a fund also incurs costs and these subsequently impact detrimentally on performance.
  • Your UK State Pension and Missing Contributions
    Is it possible to boost your UK State Pension? What steps can you take to increase your income in retirement? By paying Class 3 National Insurance contributions all this is possible...
  • The UK Property Boom - Will It Continue in 2007?
    Whether we own property to live in, have it as an investment as a buy to let or as part of our portfolio in our ISAs or Pensions, the fortune of the property market is very important to our overall wealth.
  • Critical Protection Issues - How To Get The Right Level of Personal Protection
    This is the second of a three part mini-series on protecting your family from the effects of death and illness. A morbid subject perhaps, but a crucial one that you shouldn't ignore.
  • Bracing Yourself for Higher Education Costs - Are You Ready For The Challenge?
    Will your children be able to afford to go to University or onto Higher Education? With the costs increasing every year will the government be able to reach their goal of more students going to university? Let's look at the costs involved and the steps you can take to ensure you've saved enough for their futures.
  • Parent Landlords - A Good Option?
    Many clients we speak to have at some time posed the question - should we buy a property for our child(ren) going to University? It is a fair question as it seems a waste to pay rent when you can get something back. Also, as a caring parent you presumably would like your child to live somewhere decent and habitable.
  • UK General Practitioners: Your Pension Options Explained
    The subject of pensions appears to be in the news every week. With this can bring confusion, so in this article we look at how part time GP's can plan effectively for their retirement.
  • Are You Making These Retirement Planning Mistakes?
    The subject of pensions seems to be constantly in the news. Whether it’s the new legislation that came into effect in April 2006 or the Government’s next Pensions White Paper, keeping on top of what’s important is crucial so that you can plan ahead and make the most of opportunities. Let's take a look at some of the 'Pension Planning Mistakes' that you should strive to avoid.
  • NHS Pension Benefits - Should You Increase Them?
    One of the recurring themes we deal with as financial planners is the subject of buying more NHS Pension benefits. Should you invest in added years, AVCs, ISAs? This is now worth a revisit as the situation is probably changing again! For the punch drunk amongst you, we will try to keep this as painless as possible.
  • UK Resident Doctors and Dentists - Are You Planning Your Financial Future Or Being Sold Policies?
    There are really only two types of services you can choose from when getting help with planning your finances, although some financial advisers do not offer both. The key question you should ask yourself is which one is best: Financial Advice or Financial Planning?

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