Double delight as Lifetimers Joe and Charlie pass RO1 exam

Congratulations are in order for Lifetime trainee financial planners Joe Musson and Charlie Parker.

Joe and Charlie (both pictured below) have passed the RO1 financial planning exam and are understandably extremely happy!

All their colleagues are thrilled for them too.

Well done Joe and Charlie!

More advisers should use cashflow planning says senior financial figure

A senior financial figure wants to see more cashflow planning used by advisers – something we heartily agree with here at Lifetime.

In his piece for, Danby Bloch, the chairman of Helm Godfrey and consultant at Platforum, commented:

“Cashflow planning and monitoring provides a core tool to enrich advice and justify annual fees to clients. The main anxiety clients have is that they will run out of cash before they reach the end of their lives.

“With just three key variables – pension and other income, investment values and expenditure levels – monitoring this position and adjusting for movements in any of them should be central to client reviews. The original long-term cashflow forecast for a client should set the basic parameters for the rest of their lives.”

In its recent consultation, the Financial Conduct Authority has asked whether cashflow planning should be used for defined benefit transfer analysis, having already strongly hinted it should certainly be for clients in decumulation, in particular.

Just under four out of 10 advisers (39 per cent) use cashflow planning for at least three-quarters of their retirement clients.

And 43 per cent only use the technique on less than a quarter of those clients – or none at all!

Here at Lifetime we use the fantastic cash flow modelling software from Prestwood Truth to help put together a client’s financial plan. It helps us tell them the truth about their money.

  • You can read Danby Bloch’s excellent piece in full, here:

Danby Bloch: Why cashflow planning is king

World food celebrated at Lifetime House!

The Lifetimers came together on Monday – some of them in their Halloween costumes – in a celebratory world food event.

The company’s new social area was the perfect venue – and the food, most of it having been made by the staff’s fair hands(!) – went down an absolute treat.

Food linked with the following countries was on display:

Holland (Annabelle); Italy (Nicola); Ireland (Lucie); India (Hayley); France, savoury (Jill); Spain (Miles); Germany (Michael); Wales (Scott); Austria (Sue); Greece (Mathew); Japan (Amy); China (Natalie); Sweden (Shelia); France, sweet (Bill); Scotland (Brian S); England, savoury (Sarah); USA, savoury (James); Switzerland (Danny); England, sweet (Elaine); Mexico (Joe); Turkey (Macy).

  • Pictures courtesy of Annabelle Dickinson.






Vision and values at the forefront of Lifetime staff meeting

Vision, values and employee engagement were at the forefront of an informative Lifetime staff meeting at Wortley Hall near Sheffield on Monday morning (October 9).

Managing Director Ian Dickinson and fellow directors Brian Skelton and William Bottomley (all pictured below) delivered engaging presentations which gave the staff an insight into the potentially glittering future of the Yorkshire-based company.

Lifetimer Annabelle Dickinson was on hand to capture a few other snapshots of an excellent event – which finished with a lovely lunch in such eye-catching surroundings.


Hip Hip Hooray! Lifetimer Luke passes financial planning exam

Lifetimer Luke Worthy is one happy chap – after passing his latest financial planning exam.

Luke (pictured below), a former University of Sheffield graduate, had been studying hard and all that work paid off as he passed with flying colours and now becomes a qualified financial adviser.

Well done Luke – many congratulations!

Episode 26 of Lifetime’s Desert Island Discs – featuring financial planner Luke Worthy

Desert Island Discs: Episode 26, financial planner Luke Worthy:

Very difficult to come up with eight favourite songs!

Disc One: Grounds For Divorce – Elbow


Disc Two: Out Of The Black – Royal Blood


Disc Three: That Golden Rule – Biffy Clyro


Disc Four: Hysteria – Muse


Disc Five: Goodbye – Circa Waves


Disc Six: Lights Out – Royal Blood


Disc Seven: Wired – Mallory Knox


Disc Eight: Radioactive – Imagine Dragons


Choice of Book: The Lord Of The Rings (trilogy) – J.R.R. Tolkien


Luxury Item: Rubik’s Cube

To keep me occupied on the desert island!

Lifetimers explain financial planning career to Sheffield Hallam students

A Lifetime trio ventured into ‘student land’ on Friday (September 22) – to talk about a career in financial services.

Director William Bottomley, Social Media Manager Andrew Lodge and trainee financial planner James Fisher popped along to the Sheffield Hallam University’s ‘Meet the Industry’ event.

Following presentations by representatives of Allianz, the CII and Aviva, the Lifetimers chatted to the students about becoming a financial planner.

James also delivered a terrific explanation of the ‘financial bucket’.

Lifetimers brave tough conditions on Snowdon to raise charity cash

Five Lifetimers braved very tough conditions to raise charity funds at the weekend.

James Fisher, Luke Worthy, Charlie Parker, Joe Musson and Danny North took part in the 2017 Invesco Perpetual Snowdon Challenge, raising much-needed cash for the Youth Adventure Trust.

After the gruelling two-day event, the five Lifetimers received the following, lovely message from the Trust:

“I am hoping that by now you are all feeling a huge sense of achievement, even if your legs are still a bit sore!  Snowdon gave us all some challenging weather conditions to deal with, and you all still came through smiling at the end.  I just wanted to say a very heartfelt thank you for taking on the challenge, now in it’s tenth year and for raising such an incredible amount of money.

“£118,000 from this year’s 30 teams will mean that 35 vulnerable young people will be able to participate in our programme, helping them to transform their lives.

“Yesterday we received an email from one of our young people who has some challenges of her own and has just finished our programme:

“‘I enjoyed the activities we did because they were really fun and made me learn stuff, like when we were abseiling down a cliff I learnt that I don’t have to be afraid because as it got close I was crying, but I still did it and it was great. I have made loads of new friends there from lots of other schools and still talk to some of them and it has made me a bigger person so I just want to say thanks.’

“On behalf of everyone at Youth Adventure Trust and all our young people – a huge thank you.”


– Philippa Cox, Corporate Partnerships Manager, Youth Adventure Trust

Only a high quality, specialist service will do when it comes to ‘Defined Benefit’ decision

Legendary investor Warren Buffet’s well-known adage, ‘Price is what you pay, value is what you get’ – or even the famous firefighter Red Adair’s view that ‘if you think it’s expensive to hire a professional wait until you hire an amateur’ – certainly comes to mind when the subject of transferring out of a defined benefit (final salary) pension scheme crops up.

There are difficult decisions to make when it comes to transferring out a DB scheme.

Is it beneficial?

If I do go ahead where is the best place to invest the proceeds?

How do I draw upon my ‘pot’ of money in retirement?

Questions, questions…….

You could be forgiven for falling into the ‘do I, don’t I, I’m not sure?!’ category!

It is a complex matter – and far too much for someone not steeped in pension knowledge to carry out on their own.

Indeed, anyone looking to transfer out of a defined benefit scheme needs to call upon the services of a company with three major things going for them:

1: pension specialist(s)

2: a knowledgeable financial planner

3: Professional Indemnity Insurance

Given the complexity and extent of work needed to bring about a smooth and successful DB transfer – allied with subsequent investment and the open-ended potential regulatory issues that can arise in such cases – then the customer or client has to be aware that it won’t be cheap.

And there is the potential for them to be advised to NOT transfer out of the DB scheme, yet a fee will still have to be paid for the work done. Some people might well baulk at that prospect, but just think, they may well have just been prevented from making a huge mistake that would affect them for 25, 30 years or more, and cost them a great deal of money.

Now surely, remembering Red Adair’s quote, that is worth paying for………

  • Here at Lifetime we have a specialist pensions department that has over 150 years of combined experience in the pensions and financial services industry. Get in touch now, by telephoning 01226 208600 or emailing Tom Nelson at


Intrepid Lifetimers all set for a (hopefully not wet) weekend in Wales!

Five intrepid young Lifetimers are all set for a 9hopefully not wet) weekend in Wales!

Luke Worthy, James Fisher, Joe Musson, Charlie Parker and Danny North all face a tough challenge – but for a very worthy cause.

The quintet have signed up to take part in the 2017 Invesco Perpetual Snowdon Challenge, and they are travelling to Wales on Friday afternoon (September 15) and will be pitching their tent ahead of the charity trek.

Lifetime director William Bottomley was on hand to help four of our Lifetimers with their bags (see picture above) as they waited for their fifth member, Luke, to arrive.

Now in its 10th year, the Invesco Perpetual Challenge has moved to the beautiful setting of Snowdonia.

On day one, teams will take on three Welsh Peaks, hiking 27 kilometres and hitting the summits of the mighty Snowdon, Glyder Fawr and Glyder Fach.

Day two will see the teams swapping hiking boots for cycling helmets and undertaking a 47km mountain bike trail, followed by a 5km canoe around the Llyn Peris reservoir.

Every team have been asked to raise £3,300 – the cost of sending just one child on the Youth Adventure Trust programme. For every team who raises the cash to take part in the challenge, one young person will be given the opportunity to take part in the Trust’s outdoor activities, helping them to: reach their full potential; learn valuable life skills; build confidence and self-esteem; and make a measurable difference to their lives.

Says trainee financial planner Luke: “Here at Lifetime we are committed to helping people live the lives they want – and this commitment extends beyond the office and our clients. We also strive to give something back to the community, something we have achieved through our referral scheme, which has seen almost £30,000 given to hospices since its inception.

“We are really excited about taking part in the Invesco Perpetual Snowdon Challenge – and raising funds for the Youth Adventure Trust.”

If you would like to contribute to this fantastic cause, please see the Lifetimers’ fundraising page:

And for information the remarkable work done by the Youth Adventure Trust, go to: