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Name FTSE 100HSBC HLDG
Trade 6,807.92620.10
Change 9.7712.80
Date 7/24/20147/24/2014

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London and Kent’s Premier Independent Financial Advisor,
Blue Ocean Investment Company

We pride ourselves on our personal independant financial advice service, no call centres, no call options, no pressure - just real people providing sound financial advice and service throughout London and Kent. 01474 709605 or email This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Head office: 64 Clifton Street, London.EC2A4HB.

Client Meeting Office: 42-44 Grosvenor Gardens,Victoria,London,SW10EB

Kent Office: 9 Cherry Trees , Hartley, Longfield, Kent, DA3 8DS

 

Independent Financial Advice for London and Kent

It can be difficult to find a independent financial advisor that you can trust to give up to date financial advice, an ifa (independent financial adviser) offers independent advice from the whole of the market and is not tied to one provider. Our Independent Financial Advice company based in London and Kent, but with clients throughout the South East of England. We also have international clients and provide an online financial service.

Online financial advisor

At Blue Ocean Investment Company we can offer services through our on line service if this is more convenient for our clients.

Wealth Management / Wealth Creation

Is it your aim to grow your money.? As investment advisors we provide financial advise to help you develop an investment strategy. If you had a millionaire mind you would not need financial help, but this unfortunately does not apply to the majority of us! Knowing how to invest in the right managed funds can be a mine field. Financial service providers aim to provide financial solutions to help your money grow, with the most appropriate investment services for your individual needs.

Financial Investment Advice

When considering investing you will want to know that your investment advisers are able to offer the right financial guidance in relation to investments. Our finance consultants and financial planners provide investment information and stock investment advice. They ensure they are aware of current trends in the stock market and investment opportunity. They will provide investment strategies and investment planning to meet your financial goals. They keep themselves abreast of investment articles, funds advice, money advice and investment guide to ensure the financial investment recommended is suitable for you.

Do you need financial advice?

You can take steps to sort out your financial priorities yourself first by using our Financial healthcheck. It can help you identify your financial needs and make your financial decisions.

You don't have to see an adviser when you're buying a financial product, but if you don't you may choose something that isn't suitable for your needs and you'll have fewer grounds to make a complaint.

If you do decide to see a financial adviser, they can give you advice about managing your money as a whole, or help you with specific needs or goals.

You may decide you want financial advice if for example, you:

  • want to start saving for a pension;
  • are considering protecting your family in the event of accident, illness or death;
  • inherit a lump sum of money; or
  • are coming up to retirement and want help converting your pension fund into retirement income.

The service you may be offered

Make sure the service the firm is offering you meets your needs – decide if you just want to buy a particular product or if you want the adviser to provide you with an ongoing service.

Firms may either:

  • give advice;
  • provide information about financial products; or
  • offer both advice and product information.

Check that the adviser can offer advice on financial products you’re interested in. Some firms offer advice on mortgages, insurance and investments, while others only offer advice on one or two of these. And some firms have particular areas of expertise, for example, in retirement planning.

The products you may be offered

The products advisers offer will vary. For example, some offer products from:

  • the firm they work for or firms within that group of companies;
  • a limited number of providers; or
  • the whole market.

The scope of advice a firm offers may vary between different products. For example, a firm may offer mortgages from the whole market, but investments from a limited number of providers. So think about the range of products you want and ask advisers what they offer.

What you will have to pay

You will have to pay for the advice you are given and there may also be charges on the products you buy.

The adviser may also offer other services that could cost extra (for example, an ongoing review service). It may not be clear which costs are which, so ask the adviser to explain.

How you can pay

You can pay for financial advice in different ways. The main ways are by:

  • fee – normally you pay this directly to the adviser;
  • commission – this is paid to the adviser indirectly from the money you invest or spend on the financial product you buy or from the return on the product; or
  • a combination of fee and commission.

Some advisers may not offer you a choice of how to pay, so check.

Ask the adviser to explain what you’re paying for and how you can pay for it. If you want to pay by commission, ask your adviser how it will be calculated.

If you’re getting investment advice, ask your adviser if the costs include a review of your investments from time to time or if you must pay for that service separately.

Use the information from different firms to help you shop around and compare what is being offered.

Preparing to see an adviser

An adviser will ask you questions about your financial circumstances (for example your borrowings and savings) and your goals for the future, assess your personal circumstances and recommend financial products that are suitable for you.

Before seeing an adviser, you will need to think about what it is you need – do you want:

  • someone to recommend a particular mortgage, insurance, pension or investment product based on an assessment of your personal circumstances?
  • someone to give you information about different products and providers so that you can choose by yourself?
  • none of the above – are you happy to read up on different products and do your own research to choose one?

Try to clarify your goals – do you want to:

  • protect your income in case you become ill?
  • borrow to buy a home?
  • save for retirement?
  • generate extra income?
  • invest to build up a lump sum?

Check how much you can afford to set aside to reach your goals – for example, you might want to pay or save:

  • a specific sum each month out of your income;
  • a single lump sum; or
  • lump sums when you can afford them.

Consider how you feel about risk:

  • Is it important that you do not risk losing any of the money you put in?
  • Are you willing and able to accept the risk of a possible loss if it gives you the chance of a bigger return?

Get ready the personal information you may need to give the adviser – such as:

  • details of any partners, children or other dependants;
  • how much you earn and what income tax rate you pay; and
  • details of any financial products you already have.

Independent Financial Advice, Financial Advice, Financial Advice London, Mortgage Advice, UK Financial Advice, Expatriate Financial Advice, Financial Advice Kent, Remortgage Advice,

Financial Advice UK - Financial News, IFA Search, Financial Guides, Personal Finance, FinancialAdvice brings you personal guides, an IFA search facility, and news relating to a wide spectrum of financial products and servicesews, advice, guides and opinion on making money and saving money from the financial website of the year. Blue Ocean direct is your complete guide to personal finance and investing.
Finance, Investing, Business, stock market, loans, insurance, banking, credit cards, pensions, Stock Market, tax advice, mortgages, mortgage advice.

Pension Advice London and Kent

It is important that you make the most of the pension benefits available and effective retirement planning enables you to do this. At Blue Ocean our pension advisors provide current information on pension schemes for pension planning for individual clients in London and Kent (private pensions) or corporate clients (company pension scheme).

The pension adviser will provide pension help on a wide variety of policies. This includes: sip advice, avc advice, annuities, stakeholder pensions, pension drawdown, pension funds, pension schemes and pension transfers. Our pensions service provides pension simplification to help you understand your retirement plan.

Our pension advisers keep fully up to date with current Pension legislation and uk pension legislation (pension rules) to ensure you make the most of pension regulations. We use the pension calculator to ensure you contribute the maximum pension contribution. This will ensure you reach your retirement goals, i.e., achieve early retirement if this is your aim and are able to retire. The advisor will also review the pension fund during annual pension review and provide you with an annual pension forecast with the pension providers.

Company Pension Advice

The pension consultant can provide financial advice on the best pensions, pension superannuation, pension plans, occupational advice, and employer advice as part of the holistic independent financial planning. We can also offer retirement planning days for staff and assist with business planning. We provide top financial advisor and have access to tax professional we can recommend.

Debt consolidation

Debt relief is an area where our financial adviser can offer financial support. When faced with the possibility of debt or bankruptcy, it can seem there is no end to the financial problem our independent financial services advisor can offer advice on debt reduction and debt management. If financial problems are left unchecked it can cause distress, therefore having a financial strategy to overcome the financial debt is vital.

SELF INVESTED PERSONAL PENSION

Self-invested personal pensions

The self-invested personal pension (SIPP) itself is a pension wrapper that holds investments until you retire and start to draw a pension income.

SIPPs are designed for people who want to manage their own fund by dealing with, and switching, their investments when they choose. They may have higher charges than other personal pensions or stakeholder pensions. For these reasons, they are more suitable for large funds and for people who are experienced with investing.

With standard personal pension schemes, your investments are managed for you within the pooled fund you have chosen. SIPPs are a form of personal pension scheme that give you the freedom to choose and manage your own investments. Or you can employ and pay for an authorised investment manager to make the decisions for you.

Most SIPPs allow you to select from a range of assets, such as:

  • particular stocks and shares quoted on a recognised UK or overseas stock exchange;
  • government securities;
  • unit trusts;
  • investment trusts;
  • insurance company funds;
  • traded endowment policies;
  • deposit accounts with banks and building societies;
  • National Savings products; and
  • commercial property (such as offices, shops or factory premises).

This list is not exhaustive and different SIPP operators will offer different ranges of investment choices.

It’s unlikely that you will be able to invest directly in residential property within a SIPP. Residential property can’t be held directly in a SIPP with the tax advantages that usually accompany pension investments. But, subject to some conditions including restrictions on personal use, residential property may be held in a SIPP through collective investment vehicles, such as real estate investment trusts or property trusts, without losing the tax advantages. However, not all SIPP operators accept this type of investment.

Before 6 April 2007, most SIPPs were not regulated by the FSA. This usually means that complaints and problems that relate to events before this date about SIPPs are not covered by our complaints and compensation arrangements. From 6 April 2007, the FSA regulates the operation of all personal pension schemes and the sales advice process.

Types of Pension Scheme

There are three main types of non-State pension. They are:

  • occupational salary-related schemes - offered by some employers;
  • occupational defined contribution schemes (also called money purchase pensions) - offered by some employers; and
  • stakeholder pensions and personal pensions - offered by some employers, or you can start one yourself. You may also be offered a group personal pension at work. These are also money purchase pensions.

Pensions at work

If you work for a business with fewer than five employees, your employer does not have to offer you access to a pension scheme. You should still check what’s available, as some small employers may offer a scheme anyway.

The government is planning changes that will mean all employers will have to offer and contribute to a pension in future. Employers who haven't offered an occupational pension in the past may set up their own scheme, or may pay pensions into a new central scheme that is being set up. The Pensions Advisory Service website has more information – see Related links.

What are the benefits?

Although you don’t have to join any pension scheme offered through your job, it’s usually a good idea to join an occupational pension scheme if it’s available because:

  • your employer normally contributes; and
  • often you also get other benefits, such as:
    • life insurance which pays a lump sum and/or pension to your dependants if you die while still in service;
    • a pension if you have to retire early because of ill-health; and
    • pensions for your spouse and other dependants when you die.

Not all pensions offered by employers are occupational pensions. Your employer may offer a stakeholder pension or a personal pension through a group personal pension arrangement. These pensions are not called occupational pensions even though the employer may contribute

Mortgages Types

You can choose to pay your mortgage back in the following ways:

  • repayment;
  • interest-only; or
  • a combination of the two.

You'll need to decide which is best for you.

Repayment mortgages

Every month, your payments to the lender go towards reducing the amount you owe as well as paying the interest they charge. So each month you're paying off a small part of your mortgage.

The pros: It's a simple, clear approach - you can see your loan getting smaller.

The cons: In the early years your payments will be mainly interest, so if you want to repay the mortgage or move house in the early years, you'll find that the amount you owe won't have gone down by very much.

Interest-only mortgages

As the name suggests, your monthly payment only pays the interest charges on your loan - you're not actually reducing the loan itself. This is why it's very important you arrange some other way to repay the loan at the end of the term; for example, through an investment or savings plan.

If you choose this option you will need to check that your investment or savings plan grows accordingly, so that at the end of the term you'll have enough money to pay off the loan. If it doesn't grow as planned, you will have a shortfall and you'll need to think about ways of making this up. See How to make up a shortfall.

The pros: Because you're only paying off the interest, and not the loan itself, your monthly payments will be lower.

The cons: That debt is not going to go away. Throughout the life of the mortgage, you'll need to check your investment or savings plan is on track to repay your loan at the end of the term. If you can't repay it at the end of the term you could lose your home.

So, choosing a repayment or interest-only mortgage is one decision. The other will be to choose the interest-rate deal. In our Types of interest rate deals section we explain the main types of deals available and in Mortgage features we highlight a few things to watch out for.

 
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