Alan and Catherine came to us looking for advice on their pensions.
They were both in their early 40s and had three children (all of which were in school). Catherine had recently returned to work; both were self-employed and, until now, hadn’t done much about saving for retirement. However, they had managed to save a decent emergency fund of approximately £20,000.
During our initial conversations, we discovered that the couple were concerned about providing for the family in the event of disaster. They had a joint life assurance policy to take care of the mortgage if one of them died, but they were concerned that this would still leave the surviving spouse struggling to make ends meet while looking after the children.
Firstly, we looked at protecting the family against disaster. After discussing the available options and analysing where the key risks to them were, we settled on a family income benefit policy that would pay the surviving spouse a regular income until the youngest child was 21. We also secured income protection policies for each of them so that, if they are unable to work due to accident or sickness, they would receive 50% of their normal income until they were 60 (after an initial waiting period of six months, during which time they could fall back on their savings).
Next, we considered what a successful retirement would look like to them and what age they might like to retire from. It’s never easy when you’re over 20 years away, but we agreed on something to aim for and will revisit and review the target regularly. From this, we created a plan for regular pension contributions. We spent a long time explaining investment risk to them and agreeing a risk profile for their pension investments.
Finally, we put the plan in action and got everything set up for them.
Alan and Catherine were visibly relieved to finally have peace of mind; they now feel much more secure with their finances. They now understand how their pensions are working for them and can concentrate on enjoying life with the children.
We conduct a telephone-based review with Alan and Catherine every year to catch up, make sure our recommendations are still suitable and see if their circumstances have changed at all.
Every three years they come into the office for a more detailed check-up and we revisit the overall plan to see if they are still on course and adjust if needed.
“As a freelance photographer, finances in life can be precarious. Never able or inclined to delve into the world of stock markets or areas other than the standard offer from banks and building societies. I was recommended to Annetts and Orchard, who around 2004 started to advise me and handle any monies that I had available. We are not talking about vast sums, so don't be put off. Their professional but friendly way of doing business has kept me on a very happy footing since and never once have I felt badly advised - not the case with some friends of mine. Always with their client in mind my portfolio of funds has grown at a rate far higher than any individual could hope for. Retirement with a solid financial background is an area I could only have dreamt of. I would have no hesitation in recommending Annetts & Orchard, the sooner you start the better life will be.”
A client since 2004
“I would like to thank Annets & Orchard for helping me review my pension policies and for your honest advice of how I should reinvest my ISA when it reaches maturity. I thank you especially for helping to rearrange my Critical Illness and Life Assurance policy. You made a very sensitive subject a lot less painless with your professionalism, friendliness and understanding of my changed circumstances. You also have a good sense of humour, which helps as most of the things we had to sort through were quite heavy going for me.”
A client since 2013
“I have used Annetts & Orchard for the last five years. During this time, they have assisted me with a first-time mortgage and more recently a mortgage for my new house, as well as home insurance for both. House buying is extremely stressful, but I felt that this was one less thing I needed to worry about. Annetts & Orchard found the best product for me and the whole process from start to finish was as seamless as possible. I would not hesitate in engaging their services again in the future.”
A client since 2010
“I have been with Annetts & Orchard since 2008: I needed mortgage advice, and they were recommended to me by a trusted colleague. As my personal circumstances developed and my financial needs have changed over the years, the team have advised me on a range of pension and investment issues, and I feel I now have a solid financial plan in place. What I value is how Annetts & Orchard take the time to understand my needs and explore different solutions with me - I feel in control of my financial future but with the support and guidance of experts.”
Dr P Hornsby, Wokingham
A client since 2008
“I wanted to send a private message to say that, for what it is worth, I have worked for hundreds of companies over the last seven years whilst here - the biggest compliment I can give you and your company is that if someone came to me to ask for a recommended company for advice, you would be top of the list by a long, long way.”
A professional connection
“I was recommended Annetts & Orchard by a colleague who found their helpful and professional approach both useful and reassuring. I have certainly also found this to be the case. Looking to invest savings while ensuring a safe future for my family, I find that the team make uncomplicated and appropriate suggestions. They are never pushy and most importantly listen. I am very comfortable leaving them to handle my investment portfolio.”
A client since 1998
“My husband had just died aged 50 and I required a sympathetic and professional approach. I couldn't have asked for a better team. They were knowledgeable, efficient and kind. Without a doubt they helped reassure me and reduced my stress. Since 2011, the team have been attentive and willing to discuss any concerns I may have. The investment choices have done well for me. I would highly recommend them to anyone requiring financial advice.”
A client since 2011
"Annetts & Orchard have provided excellent financial advice and support to my 97-year-old aunt for some time. By providing sound financial help and making the investments on our behalf, we were freed from the worry and burden of decision making. I can therefore thoroughly recommend Annetts & Orchard, as I have seen for myself the excellent service they have provided to my aunt over a number of years."
A client since 2008
Annetts & Orchard is a trading name of Annetts & Orchard Ltd. We are authorised and regulated by the Financial Conduct Authority. You can find Annetts & Orchard Ltd on the FCA register (FCA number 820272) by clicking here. Registered in England & Wales (11503291).
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