Professional Intermediaries

Finmor Financial Planning has been developing its connections with professional intermediaries over the last few years.

With the burgeoning levels of new legislation and regulatory controls that have been introduced during the last decade, financial services have become an increasingly complex and onerous area to provide advice.

Solicitors and accountants are finding that their own chosen disciplines are increasingly becoming interrelated with the need for specialist financial advice, for example:

The Government's current 'Simplification of Pensions' legislation, effective from 6th April 2006, is probably the most radical piece of pension legislation in the last 30 years. Once again some people may well be faced with the question of what to do with their existing pension benefits; keep them within their scheme's current legislation or in the case of no action they are likely to automatically come under the newly proposed rules. In many cases specialist advice will be essential.

'Pensions Sharing on Divorce'. This can often be an extremely complex area in determining the true value of pension benefits.

The Trustee Act 2000 - Effectively replaces the Trustee Investments Act 1961, not only new trusts but also existing trusts will have the new wider statutory power of investment. Trustees will need to be aware of the suitability of the investments within a trust and for the need to diversify.

Will Trusts and other IHT planning - An effective way of preserving client's estates and their assets? Or 'deprivation of assets' as seen by the Local Authority where Long Term Care needs are required?

(The FSA does not regulate WIll Writing and some forms of Inheritance Tax Planning)