Lifetime pension specialist Steve Lambarth once again successfully completed the 23-mile long ‘Acorn Amble’, from Castleton to Burncross, all in the aid of charity.
Steve (pictured below, far right, with his walking colleagues) undertook the seven-hour walk to raise money for Weston Park Cancer Charity.
He said: “A massive thanks to all those who sponsored me to complete the 23 mile hike from Castleton in Derbyshire to the Acorn Pub at Burncross (Chapeltown).
“Sore feet and sore limbs were the theme of the day for Sunday – a good day to be on the couch watching England beat Panama in the World Cup!
“As usual Lifetime have come up trumps and between you all you have committed over £400 to a great cause – Weston Park Cancer Charity.
“I’d like to issue a very big thanks to those people who kindly sponsored me and a presentation night will take place at the Acorn Inn in Burncross in a couple of months when all funds raised will be presented.”
Barnsley Hospice Corporate Fundraiser Simon Atkinson popped into Lifetime HQ on Friday afternoon to receive another bumper cash donation from our highly successful referral scheme.
Simon was presented with a cheque for £853.90 from Lifetime financial planner Steve Baskind (see picture below).
Said Simon: “We are very, very grateful to Lifetime for the regular donations we receive from their referral scheme. It is a fantastic initiative.
“The support from Lifetime over the last few years has been incredible. They have donated over £18,000 since their first donation in 2010. We’d like to say a big, big thank you to everyone at Lifetime on behalf of all the staff and volunteers at Barnsley Hospice.”
Twenty-one hospices up and down the country have benefited from the referral scheme (http://lifetime-fm.com/lifetime-in-the-community/hospice-referral-scheme/).
This latest hospice cheque took the Lifetime Referral Scheme total to over £33,000.
For all introduced clients to Lifetime, we will donate, on your behalf, 10% of any initial fees generated on new transactions completed with these clients, to your local hospice.
Find out more about our hospice scheme
There was delight at Lifetime HQ on Friday morning – as the news came through that Pension Department Manager Tom Nelson had chalked up a notable exam success.
All Tom’s hard work and study paid off as confirmation came through that he had passed the AF7 pension transfers exam.
Well done Tom!
Lifetimer Charlie Parker has taken another notable step towards establishing himself as a fully qualified financial planner with the company.
His latest exam – the RO3 (Personal Taxation) – proved to be not too taxing as the young man passed with flying colours!
Charlie (pictured below) is one of a number of trainee financial planners at Lifetime.
Well done young man!
Congratulations are in order for Lifetime pension analyst Catherine O’Dowd.
Catherine (pictured below) has passed the RO1 finance exam and is understandably extremely happy!
All her colleagues are thrilled for her too.
Well done Catherine!
If you’ve read any of my previous blogs, you’ll probably have guessed that I enjoy running. Sometimes, I run with music, other times without. But I also listen to podcasts on some of my runs to keep me up-to-date with personal finance and financial planning news. Recently, I listened to an episode of BBC Money Box Live in which Anne from Dorset asked the question “How much can I spend in retirement?”.
This is a question that might sound familiar to many pensioners or people approaching retirement. While I’m not going to suggest what I might advise Anne to do, I am going to talk about some of the her points.
If you are wondering what guidance Anne was given, you should listen to the BBC’s podcast.
Money For Nothing
In the podcast Anne imagines that others might think that she gets “Twenty thousand pounds a year for … doing nothing”. But really, Anne receives her healthy pension income because she’s worked hard and saved throughout her life.
Our feelings towards money are complicated. They can be affected by the financial situation our families were in when we were growing up. Sometimes, our feelings about money, based on past experiences, can make it hard for us to make the right decisions in the present.
Speaking to a financial planner could help. Talking things over with a professional could help someone like Anne to feel more content with the pension she receives – and more confident about her financial future.
How much can I spend in retirement? A financial plan could have the answer
Anne’s main worry seems to be that she is unsure how much of her money she can spend. While it is clear that she would like to travel more, she’s not really sure if she can afford it. This is probably an ambition that many of us share. I certainly enjoy getting away and seeing new places. So how can Anne work out how much she can spend in retirement?
Cash flow modelling is a way of working out whether you have enough money to live the life you want to live. Using details about your income, spending, and future goals a financial planner can build you a plan for your retirement. Hopefully, a financial plan would give Anne the confidence to spend her money. She would be able to focus living her life rather than worrying about running out of money.
Retirees now need at least £260,000 in their pension pot to avoid an ‘uncomfortable retirement’.
That figure – which has increased from £150,000 back in 2002 – makes up part of the findings from new research carried out by retirement provider Royal London.
And the £260,000 figure will spiral even further upwards for those people who rent properties over the long term, says the company.
The findings have been published in Royal London’s new policy paper ‘Will we ever summit the Pensions Mountain?’ – and former government pensions minister Steve Webb, now Royal London’s director of policy, says that most people currently saving in the government’s auto enrolment scheme were likely to accumulate only half of the target amounts.
Royal London have based their research on an average person needing to generate an income of just over £9,000 a year to top up their state pension at 65. To achieve that income – with some protection from inflation – the company states that the person will have to save £260,000.
And Royal London have emphasised that younger people who fail to go on and buy their own home – and therefore face a lifetime of rent costs – will have to save far more than the £260,000.
Royal London said it expected that around one in three retirees would eventually be renting, and would typically need to find £6,554 a year to pay private landlords, which would mean that, on top of the £260,000, they would need a further £185,000 to fund their retirement.
Mortgage Adviser Ken Abbott and the hard-working Lifetime mortgage team have received a lovely testimonial from happy clients.
The clients, Richard and Natalie, praised the work put in by Ken (pictured below) and his colleagues, which made getting their mortgage ‘virtually stress free’.
The testimonial reads:
“Lifetime was recommended to us by a family member, who’d had a great experience with them before. Our mortgage adviser was Ken, and we couldn’t be happier with the service he’s provided. He has answered all of our queries and questions, listened to what we wanted an has given us great advice.
“The fact that Ken is both friendly and knowledgeable meant that we were able to ask absolutely anything and know we’d get an honest and helpful answer. We have been kept up-to-date and informed throughout the process even when Ken was on holiday. The advice given was very clear and helpful from everyone at the company, which has made getting the mortgage virtually stress free.
“The mortgage we’ve ended up with suits our needs perfectly and is even cheaper than we expected. We would definitely recommend Lifetime and Ken to anyone, it has been a very positive experience.”
– Richard & Natalie
The countdown to the 2018 Lifetime-sponsored Barnsley Hospice Golf Day is now well and truly on.
The teams are gearing up to take part in the popular charity event, which is again being held at Silkstone Golf Club, on Friday, May 18 (12 noon start).
As well as being the main sponsors of the event – for the sixth successive year – Lifetime has also put forward a team, which will be led by directors Ian Dickinson and William Bottomley and also featuring financial planners Paul Lee and Paul Bassinder.