Prism Independent Financial Advisers Ltd
Newport, Gwent
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Newport, Gwent
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Our aim is to create a tailored solution for you to achieve your goals. We work in partnership with you to create a long-term financial plan that will meet your financial aspirations. This is achieved through a thorough advisory process and ongoing servicing for all of our clients.
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1 customer review
Tim Fawcitt
Excellent advice and service thank you
Reviewed on Google Maps
Retirement Planning
“No one will have to buy an annuity”. These were the words spoken by the Chancellor regarding the pension freedoms that came about in April 2015, and they completely revolutionised the retirement income landscape. Flexible income is the new norm, and we can help you manage your income in retirement to ensure you don’t run out of funds sooner than you’d like. As part of our retirement planning service we will consider all of your assets and investments as well as your pension funds to provide your income in the most tax-efficient manner possible.
Despite the words of the Chancellor, annuities are still a possible retirement option. If you are a smoker or in ill health you may be able to secure higher annuity rates. You may also have valuable Guaranteed Annuity Rates in your pension products that are too good to pass up. As well as annuities, we can also provide your income via Flexible Drawdown, or any number of blended solutions available in the retirement market. As advisers, we will analyse your entire situation and assess your attitude to investment risk to recommend the best course of action. By analysing your current expenditure and income, we can secure a level of income to cover your basic expenses while keeping some flexibility in your excess income to spend on life’s luxuries in retirement, like a holiday or a new car.
It’s a distressing subject, but we also have to consider what will happen to your funds if the worst were to happen to you. If you die early in retirement and you haven’t prepared the right paperwork with your pension plans, your entire pension fund may be taken by the provider, leaving your family with nothing. We will ensure that everything is in place to protect your pension funds and pass them to your loved ones in the event of death.
Investment Planning
Investment planning is a very complex subject. The most important objective for us as advisers is to ensure that we invest your money to meet your needs and requirements. We will undertake an in depth analysis of your attitude to investment risk, taking into account the returns you require or wish to achieve and your ability to withstand market volatility and losses. Whether you are saving for a large purchase, investing to generate an income for yourself, or looking to pass funds on to family members tax-efficiently, we will provide a structured financial plan to ensure your investments meet your goals on time.
A number of factors need to be considered when setting an investment strategy, including selecting a tax wrapper, selecting funds and knowing which sectors or geographical areas to invest in. As independent advisers we can access the whole market to tailor an investment strategy for you. We also engage with leading discretionary investment managers to invest many of our clients’ funds. This enables us to deliver client portfolios usually restricted to those investors with very large sums of money, via the services of Discretionary Fund Managers. The Discretionary Fund Managers use their expertise to try and avoid the volatility that can reduce the returns of many investments. They invest across many different types of assets and geographical sectors to potentially provide both reduced volatility and greater long term returns. However, this approach is not correct for every client. There are many other options that are available and recommended by our advisers to meet your personal requirements.
Using the latest technology, we can offer you the ability to check the value of your investment portfolio via your own personal account, accessible via desktop browser, Apple or Android. Take a look at the demonstration site in the client login section above for an insight into how you can benefit from this market-leading service. We can also offer access to the unique, award-winning ImpulseSave® allowing you to quickly and easily top up your investment by as little as £1, at the click of a button.
Mortgages
Purchasing a home is the biggest financial purchase most of us will ever make. Whether you are a first time buyer or a tenth time buyer, this can still be a very stressful and worrying time. At PRISM we can ease the stress by recommending the right lender for you, arranging the application on your behalf and liaising with your solicitor and the estate agent to ensure the purchase runs smoothly, leaving you free to get on with planning your move to your new home. We offer a complete mortgage service which will make your journey towards becoming a home owner as smooth and as easy as possible.
Movers aren’t the only people we can help. If your current mortgage offering is coming to the end of its deal, now is the time to shop around for a new offering that suits your requirements. We can advise on mortgages from the whole of the market to find the best arrangement for you. If you wish to reduce the term and repay the mortgage early or extend the term and reduce the monthly cost, we can help you decide the best course of action. When looking to re-mortgage it is also a good time to review your other arrangements such as your Buildings and Contents and life assurance needs. This is all included within our service to ensure you have the correct cover at the most affordable cost.
Buy to Let property purchases have become very popular in recent years. This is a rapidly changing market place and requires great knowledge to avoid the many pitfalls. Whether you are a first time landlord or have a large portfolio of properties, we have the expertise to help you.
Equity Release
With the rising prices of everyday life, more and more people are finding that their pension savings together with the state pension are not providing sufficient income to meet all their needs in retirement. If you don’t have sufficient savings and assets to draw on, releasing equity from your home could be a good way to help boost your pension. We strongly advise you take professional Independent Financial Advice before entering into any such arrangements.
There are two main types of equity release plans: lifetime mortgages and home reversion plans.
Lifetime mortgages allow you to take out a loan on your property in return for a tax-free lump sum, an income or a combination of the two. Much like a standard mortgage, the loan is secured against your property and you continue to own your own home. The amount you can release depends on a combination of your age, health and the value of your property. You can either pay monthly interest on the loan or you can allow the interest to roll up over time. The loan and the rolled-up interest are repaid either when your home is sold on your death, or if you move into long-term care. Both members of a couple are covered, so if one goes into long term care before the other, the other party can remain in the house until they either die or move into long term care themselves.
Home reversions plans involve selling all or part of your home to a company in return for a lump sum or regular income, and the right to remain living in the property. When you die or move into long-term care, the provider will be entitled to its share of the property’s value at the prevailing market rate. The balance of the property that you didn’t sell goes to your estate.
An equity release plan will reduce any inheritance that you decide to leave. You should talk to your financial adviser about these risks if you are at all unsure.
PRISM believes in and abides by the beliefs and rules of The Equity Release Council. The Equity Release Council is the industry body for the equity release sector, representing the providers, qualified financial advisers, lawyers, intermediaries and surveyors who work in the equity release sector. A major focus of the Equity Release Council’s work is to ensure that products are safe and accessible for consumers. Each member of the Council that provides equity release products is signed up to the Equity Release Council’s Code of Conduct which puts in place a number of safeguards and guarantees for consumers. This means that people who use equity release products offered by Equity Release Council members can have confidence in the products they use and the information they receive.
