Financial Advice from Woodstock Brokers

Life Insurance
Endsleigh’s independent financial advisers can offer a life insurance policy that suits both you and your family. They can discuss your concerns to help you determine whether level term life insurance, mortgage protection or family income benefit will provide the most suitable solution. It may be that you need a combination to fully protect your family in the event of your death.

They can also help you weigh up the costs and benefits of more extensive cover provided by critical illness insurance.

Income protection
Protecting your income against sickness or accidental injury could be the difference between whether or not you encounter financial difficulties if you are off work sick. By speaking to one of Endsleigh’s independent financial advisers you can ensure that your income protection provides adequate cover for your needs, without you being over-insured. They will take into account any savings, or company sick benefits to ensure your income protection policy is as cost-effective as it possibly can be. In the mean time, giving you peace of mind that should you be unable to work you will continue to receive a monthly income to take care of your essential outgoings.

For high risk occupations, for example, manual workers and teachers, their advisers are able to go to specialist providers to ensure what they recommend is the most suitable for your circumstances. 

Redundancy cover
Endsleigh is also able to offer further piece of mind with redundancy cover. Working in a similar way to income protection, redundancy cover also pays out a monthly benefit. Redundancy cover however, pays out on involuntarily redundancy only, not sickness or injury.

Endsleigh’s advisers understand the need to ensure that you can pay your mortgage or rent and other monthly bills in the event of redundancy but more importantly, they understand that insuring with a reputable insurer with a good claims record is vital.

Pensions
There are many decisions to be made when planning for a secure retirement and selecting a pension. You must consider how much you can afford to save, what level of risk you are wiling to attach to your pension fund, the reputation of providers and their charges.  You may also need to take into account your employer’s pension and any pensions to which you have contributed in the past.

There are lots of schemes to choose from and independent financial advice will help you to compare and select the best pension for your needs whether you are looking to start your first pension or transfer you existing pensions savings.

Annuities
When you reach retirement you will need to use the value of your pension savings to purchase an annuity.  Your annuity provider will pay you an annual income for the rest of your life and many people make the mistake of buying their annuity from their pension provider without having shopped around. The Open Market Option allows you to compare the market and search for a better deal and this can sometimes increase your income in retirement by as much as 40%. Endsleigh’s financial advisers can ensure that you get the best annuity rate, taking into account your age, health, sex and retirement plans.

There are many options to be considered which when purchasing an annuity. For example, do you want the pension to be guaranteed for a fixed number of years even if you die? Are you in poor health with reduced life expectancy? Do you want a spouses or dependents pension? Do you want your pension to increase each year in line with inflation? An independent financial adviser, you can help you make the right choice of annuity for your circumstances.

Corporate Advice
The Endsleigh Financial Team also offers financial advice to companies and partnerships as well as on an individual basis. Their financial advisers are able to search the market to offer solutions for your company including group life insurance, income protection and pensions, key man insurance, shareholder protection and more.

They are up to date with the changes in legislation and can assist you in creating attractive employee benefit packages that help attract, retain and reward staff. They can take control of the administration process and work with you to manage costs.

Whether you wish to review your existing employee benefits or are concerned about complying with the new rules on auto-enrolment as a result of the Pensions Act 2008, their advisers can offer you the right advice.