Lyndhurst Financial Management Sponsor Annual Let’s Play NH Netball Fundraising Tournament

Lyndhurst Financial Management Sponsor Annual Let’s Play NH Netball Fundraising Tournament
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Lyndhurst Financial Management, one of Hertfordshire’s leading financial planning and financial advice companies, was one of the sponsors of this year’s annual Let’s Play Netball NH Tournament, now in its seventh year.

It was hosted at the Priory School in Hitchin on June 30th and was an event for men and women of all ages, accommodating 25 teams, comprising approximately 200 people in total. In addition to the netball, the organisers ran a refreshments stall, and a raffle to raise additional funds.

This year money was raised to benefit two very special local causes:

Lifegeta, a local support network for people with life changing acquired conditions, their friends, family & carers. The group helps to address the emotional effects of finding yourself in a body that doesn’t do what it used to do because of a life changing condition or disability

East and North Herts Hospital Charity to support unpaid carers

Geoff Newman, Development Director of Lyndhurst says

“We aim to support local causes and the local community as much as possible and this was an ideal opportunity for us to make a contribution. Like other locally based companies, our donation helped them to stage this event by contributing towards costs such as court hire/trophies/tea stall, stock and the raffle.

We were able to include our logo in the programme for the day, and also distribute our leaflets an cards in their ‘goodie bags’. It was a most enjoyable event and both the players and the spectators had a great afternoon.”

The tournament raised over £2,600 for Lifegeta and ENH Lister Hospital Unpaid Carers’ Fund, which is their biggest total to date.

Women Need to Plan Early for Their Retirement Says Lyndhurst Financial Management

Women Need to Plan Early for Their Retirement Says Lyndhurst Financial Management
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Women Need to Plan Early for Their Retirement Says Lyndhurst Financial Management

Although the 1970 Equal Pay Act is nearly 50 years old and great strides have been made towards gender equality in the workplace, it’s still evident that many female staff are not working on a level playing field with their male counterparts, often owing to family pressures and time out to raise children.

It seems that a number of women are still starting – and staying – in jobs that offer lower pay. The recent case of the BBC versus its former China editor Carrie Gracie highlighted the problem of women not being paid the same as men in the same position. It’s also still true that more women than men take time out of their careers to have children, care for ageing parents, or both. They may find on re entering the workplace that their former male peers are now in much higher positions and they may never catch up, no matter how equally talented they are.

This disparity can be reflected when women are facing retirement much further down the line. A Prudential study showed that women retiring in 2018 will have an income that can be as much £5,000 per year less than men, or 29% lower; and one in six will retire with an income below the Joseph Rowntree Foundation’s minimum income standard, compared to just one in ten men. Analysis of government data also showed that women will receive around £29,000 less than men in State Pension payments over the course of a typical retirement.

This may be due to lower pay throughout their working lives and time out during their careers resulting in smaller workplace pensions, and possibly a reduced State Pension owing to fewer years of National Insurance contributions.

Johanna Haigh, a financial adviser in the Focus For Women dept at leading Hertfordshire financial planning and financial advice company, Lyndhurst Financial Management comments:

“Lyndhurst’s Focus for Women was set up specifically to tackle this issue and empower women to meet their own financial goals. The sooner advice is sought, the more we can do to help ensure our clients have the best retirement they can hope for.
Although women may appear to be at a disadvantage because of various factors, including lower pay, time out of their careers, caring responsibilities and ultimately likely to live longer than their male partners or counterparts, there are a number of steps they can take which will improve their long term financial outlook and help them to achieve a financially secure retirement. We help our clients to make better financial decisions for themselves and we welcome the opportunity to discuss pensions, investments, mortgages and assets as early as possible – it’s never too soon to start financial planning for your future.”

Johanna Haigh can be contacted at our Hitchin office on 01462 441100 or mobile:07896 651641

Are Women Avoiding The Stock Market?

Are Women Avoiding The Stock Market?
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Are Women Avoiding The Stock Market?

Historically women in general have been reluctant to invest in stocks and shares, preferring instead to place their money in ‘safer’ ISAs or other types of saving accounts.

A recent survey by Boring Money discovered that only 23% of women have chosen investment products compared to 35% of men. Only 32% of women feel confident choosing an investment product, against 46% of men. The group said the amount invested overall by 18-36 year olds in ISAs is up an impressive 33%, which shows that people are willing to save – but not necessarily in the most profitable way.

Yet while women have traditionally been regarded as risk-averse, a survey by The Share Centre showed the opposite, with 80% of the top ten shares bought by women were for equities in smaller companies, included exploration company Echo Energy, oilfield services provider Petrofac and gold miner Centamin. The top 10 on The Share Centre platform

  1. Echo Energy
  2. Petrofac
  3. Centamin
  4. Sirius Minerals
  5. GlaxoSmithKline
  6. Lloyds Banking
  7. UK Oil & Gas Investments
  8. Angus Energy
  9. IQE
  10. Premier African Minerals.

Women tend to have more ISA savings accounts than men, but they are also more likely to have cash in those accounts and men are more likely to choose the stocks and shares option.

Johanna Haigh, a top financial adviser at leading Hertfordshire based financial advice and financial planning firm Lyndhurst Financial Management says:

“We’ve had low interest rates for a very long time and that means that women have been missing out on the long-term returns that have been available in the stock market.
We have a Focus for Women department and we are working on behalf of women of all ages to help them make better financial decisions for their future. In the last four years, for example, a share ISA could have gained as much as 25% yet a cash ISA as little as 0.5%. A lot of women are not confident about investing in the stock market, especially if they are not on a high pay scale and they can be put off by jargon. Our advice is simple, straightforward, bespoke and jargon free!
I think women’s attitudes are changing and there are definite positive signs that our female investors are becoming more open to viewing investments on a long term basis and therefore they are more willing to invest in stocks and shares.”

Johanna Haigh can be contacted at our Hitchin office on 01462 441100 or mobile:07896 651641

Lyndhurst’s Focus for Women Team Attend AJ Bell’s Luminary Event

Lyndhurst’s Focus for Women Team Attend AJ Bell’s Luminary Event
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Lyndhurst’s female advisers, Johanna Haigh and Victoria Seabrooke and Paraplanner, Charlotte Collier, who all form part of the Focus for Women department, recently attended the AJ Bell Luminary seminars on investment, pensions, technical and platform sessions, plus motivational talks.

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This year the speakers included FinalytiQ’s Founder Abraham Okusanya and Iona Bain, Founder of the Young Money Blog, with a return visit from the inspirational Corinne Hutton from the charity Finding your Feet. Alison Mollard, Business Development Manager at AJ Bell, Claudia Calich, Fund Manager Emerging Markets from M&G Investments and Lisa Webster, Technical Resource Consultant from AJ Bell completed the impressive line up.
Lyndhurst Financial Management, one of Hertfordshire’s leading financial planning and financial advice firms, set up its Focus for Women department two years ago to both encourage and help women to make better financial decisions. Charlotte Collier says:

“It was a very inspirational event and offered a much-needed platform for women in financial services. The agenda was packed with good speakers and by closing the day with networking we had the chance to meet lots of new people and further our knowledge of the sector”.

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AJ Bell is one of the UK’s largest providers of online investment platforms and stockbroker services, currently looking after more than £42 billion of assets on behalf of 183,400 customers. It was founded in 1995 and the company has created investment platforms to suit a wide variety of customer’s requirements.

Lyndhurst Financial Management Attends Herts Business Expo on June 11th 2018

Lyndhurst Financial Management Attends Herts Business Expo on June 11th 2018
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Lyndhurst Financial Management Attends Herts Business Expo

For the first time, Lyndhurst Financial Management, one of Hertfordshire’s leading financial planning and advice companies, will be attending the Herts Business Expo on June 11th, to be held at the Alban Arena in St Albans between 10am-3pm.

The Herts Business Expo, which is one of the highlight events during the St Albans Chamber of Commerce Business Week, is a popular exhibition and at least 500 visitors are expected. Every year the Herts Business Expo has top class keynote speakers to draw in the thriving local and county business community.

Geoff Newman, Development Director of Lyndhurst Financial Management says:

We are looking forward to taking part in the Herts Business Expo and have a great team lined up for our exhibition stand. At the Expo we are primarily offering our expertise on two of our specialisms – mortgage advice is so important as we often see people who just take the first deal they are given by their bank / estate agent rather than use professional advice such as ours to get the best deal for their circumstances. We search the whole of market to find the most suitable deal.

We also have our Focus for Women team out in force, aiming to speak to female entrepreneurs and how we can help them through their journey from start up to mature business. We help our clients make better financial decisions and we are looking forward to meeting new contacts from the St Albans and Hertfordshire business community.

The aim of the Herts Business Expo Our is to bring businesses together across the county and across all business sectors, energising the local business community. The goal is to inspire, educate and motivate business owners and managers to develop and thrive through the current economic climate by connecting people and watching relationships and partnerships develop and prosper. The Expo has a variety of networking events, designated areas and involvement from all the major networking organisations.
Previous headline speakers have included Kriss Akabussi, Ruby Wax and Lee McQueen. This year there are 25 sponsors and supporters.

To book a free consultation with a financial advisor call us on 0800 435648

Our Planet Our Future Sustainable St Albans Week 21-29 April 2018

Our Planet Our Future Sustainable St Albans Week 21-29 April 2018
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Lyndhurst Financial Management Supports Our Planet Our Future Sustainable St Albans Week 2018 21-29 April

Leading Hertfordshire independent financial management company Lyndhurst is giving its support to Sustainable St Albans Week 2018 by sponsoring the Our Planet Our Future event on Saturday April 21st.

Sustainable St Albans Week runs from April 21-29, with over 100 events throughout the week for the public and local community to enjoy. The theme is about living more sustainably and supporting the environment and all events are run by local community groups, businesses, faith groups and schools.

Sustainable St Albans Week is organised by a partnership of Sustainable St Albans (formerly Transition St Albans) and St Albans Friends of the Earth, supported by St Albans District Council.

Geoff Newman, Development Director at leading independent financial services company Lyndhurst Financial Management says

We are supporting Sustainable St Albans Week because it’s a cause we strongly believe in. Environmental sustainability is vital to everyone’s future and especially for the younger generation. We can all make a difference, in our homes, our businesses and workplaces, through community groups, schools and lots of other places.

David Attenborough’s incredible Blue Planet 11 series really brought home the devastation that plastic is doing to the oceans of the world and now even our government is trying to halt the use of non recyclable goods such as plastic straws and coffee cups. We need to cherish the environment we are lucky enough to live in and we have the means to do it. Sustainable St Albans will be an inspirational and educational week and we are delighted to be part of it.

The first Sustainable St Albans week was in November 2015, the second in 2016. It won awards from the Mayors Pride Awards (Community Champions and Environmental Champions in 2015 & Environmental Champions in 2016).

Spring Clean Your Finances Says Lyndhurst Financial Management

Spring Clean Your Finances Says Lyndhurst Financial Management
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Spring Clean Your Finances Says Lyndhurst Financial Management

The sun has arrived, the days are longer, the flowers are in bloom, the trees are turning green and it’s the start of a new tax year. Yes, Spring is here at long last, the Beast From The East has departed and the forecast for the summer, at least weather wise, is pretty good.

The sense of wellbeing and optimism we feel at the end of a long grim UK winter presents the perfect time to do a good spring clean of not only your home and wardrobe, but also of your finances.

Geoff Newman, Development Director at leading independent financial services company Lyndhurst Financial Management says

With renewed energy and the start of a new tax year it’s a good time to review your finances and your assets, whether that’s your property, investment portfolio, pension, mortgage and any other financial commitments you may have.

While there are murmurings of a rise in interest rates have you got the best mortgage for your needs? If you are thinking of moving, especially if you are ‘downsizing’ how can you get the most benefit from the sale of your property?

We’ve got over 25 years of experience and expertise in helping people to make the best financial decisions in order to secure the financial future for themselves and their family. It’s a good idea to review your finances at this time of year and we can offer the best independent professional advice to ensure that you are making the most of your money and your assets.

To book a free consultation with a financial advisor call us on 0800 435648

Divorce Settlements – Focus for Women

Divorce Settlements  – Focus for Women
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Divorce Settlements – How Focus for Women at Lyndhurst Financial Management Can Help Women Make The Best Financial Decisions

The divorce is finalised, the decree is absolute, the separation complete and the financial settlement has been agreed. With 42% of marriages currently ending in divorce, this is a situation that many women find themselves in.

However, while some divorcees are already adept at managing their finances, for others who are used to shared assets and having a husband who handled most of the bills and family finances they can find themselves in totally new and quite scary territory.

BBC TV will soon be showing a new series, The Split, which focuses on the life of a divorce lawyer and her children. According to the Sunday Times magazine and the series writer Abi Morgan, divorce law is an area dominated by female lawyers and London is considered the divorce capital of the world because women, especially those in ‘mega’ divorce claims, get the best deals over here.

Johanna Haigh, a Financial Adviser at Lyndhurst Financial Management says

We set up our Focus for Women department because we wanted to offer a specialised service for women who find themselves in either unfamiliar circumstances because of a divorce or an inheritance, or if their career is thriving and they want to plan for pensions and investments to make the most of their income.

Our aim is always to help our clients make better financial decisions for themselves. Our expertise is in guidance and knowing the financial marketplace inside out. It’s vitally important for women to prepare and secure their financial futures, whether they are married, single or widowed. Very often children are involved and the stress of separation or bereavement can be overwhelming if you also have to think about finances and budgets, perhaps for the first time in your life.

We are very friendly and welcoming and we provide a free initial no-obligation consultation so that our clients can feel comfortable talking about their finances without making any commitment. Whatever the situation, where finances and assets are concerned we would always recommend that people get professional advice.

Lucky Lottery Winners – How To Deal With A Financial Windfall

Lucky Lottery Winners – How To Deal With A Financial Windfall
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How To Deal With A Financial Windfall

It must be every teenager’s dream. When Canadian teenager Charlie Lagarde bought her first scratch card lottery ticket to celebrate her 18th birthday it turned out to be one in a million as she won an incredible $1 million Canadian dollars (£550,000,US$ 780,000) at her first attempt.

Charlie was offered the choice of taking the $1 million Canadian dollars as a lump sum or receiving C$1000 tax free a week for life. She sensibly chose the $1,000 a week option, which would be a very generous sum of money for any teenager. If Charlie lives to her eighties she will have received over $3million during her lifetime from her win, which, despite inflation, still makes it appear to be a good option.

Geoff Newman, Development Director at leading Hertfordshire Financial Services company Lyndhurst Financial Management says

I certainly think Charlie has made a wise decision as the temptation to spend spend spend when you receive a windfall can be overwhelming for many people. I think it’s vitally important to take professional advice in any circumstances when you come into a lot of money, whether as a lottery or competition winner, cashing in a pension or receiving a substantial inheritance.

For some people they may prefer a lump sum of money to pay off any debts, their mortgage or to make their own investments. Everyone’s personal circumstances are different but I think for a young woman who is still a teenager and very much starting out on her adult life, choosing the weekly payment is a sound decision and prevents her from spending all of the money in just a few years. As we have seen in the past, it’s very easy to do if you don’t have good advice that will enable you to take financial control and secure your future.

I think in essence she’s done the right thing for herself, although it may mean that in the very long-term any beneficiaries of her will would only get something from her lottery win if she invested some of the C$1000 per week.

More Women Seeking Professional Financial Advice

More Women Seeking Professional Financial Advice
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More Women Seeking Professional Financial Advice Says Lyndhurst Financial Management

Although the majority of women seeking financial advice still tend to do so after divorce, bereavement or any other life changing experiences, there is a definite trend for women, especially those who work or run a business, to focus on their financial security and future.

Johanna Haigh, a specialist Financial Adviser in the Focus For Women team at Lyndhurst Financial Management, one of Hertfordshire’s leading financial advice and planning companies, says

“”We have definitely seen an upturn in enquiries from women seeking our advice to help them with financial decisions about their future. Encouraging women to make their own choices and to make greater use of their finances in later life is very important to us.”

“It’s great that we are seeing more and more women, especially at a younger age, seeking advice, however confidence can still be a big issue. Historically we have often seen divorce or a bereavement as a trigger for women to start enquiring about financial advice but this doesn’t need to be the case anymore. We like to give our female clients the confidence to make their own financial decisions. It’s not only empowering, it can also be a way to protect yourself from the unexpected and ensure that you can enjoy a comfortable lifestyle.”

The statistics are shocking, as highlighted in a feature from Professional Adviser magazine. Although women are more likely to save than men, the average ISA for women aged 25-34 is £5,516 while for men of the same age it’s £6,180, a 17% difference.

Pension pots are far worse. By the age of 65 the pension pot for women averages £35,700 while for men it’s £179,091. Child care benefits can take as much as £23,000 of the pension entitlement of higher earning women.
As women tend to live longer than men there are also serious implications in the cost of care homes. The average care home cost for women aged between 65-74 is £132,000 representing a 4 year stay as opposed to men, whose costs tend to be half because their average stay is two and half years.

Johanna concludes

“We like to give our female clients the confidence to make their own financial decisions. It’s not only empowering, it’s also a way to protect yourself from the unexpected and ensure that you can enjoy a comfortable lifestyle for as long as you live.”