Fee-Only Planning

What we do

Fee-Only Planning provides books and self-study courses for the individual in the UK and Europe (home).

What this Book will do for you

3 Guaranteed Ways This book accompanies the first of our three briefs. The cost of the book also covers marking the quiz questions.

This book will give you confidence. Second it will make your money grow faster. Third, it will reduce the fees and commissions you pay to your advisers.

About the Author

Rob Noble-Warren won the first Financial Planner of the Year competition in the UK, is one of three people to be qualified in financial planning at the CFP™ level in both the USA and the UK, and he is also a Chartered Tax Advisor with the Institute of Taxation in the UK.

Writing for the consumer magazine 'Bloomberg Money', and with a tax column in 'Real Adviser', Rob has provided a consistently high standard of work, combining writing skills with in-depth experience. Other financial planners have called him a 'purist' (and he still doesn't know what that means) and say that he is '10 years ahead of his time'.




Exit charges

Here's a worksheet to explore exit charges of traditional savings and pensions:-

CHANGE THIS - my average annual premium on a traditional savings/pension plan:

The average exit charge I will pay would be (which I can avoid):

Calculated like this:
Year value

encashment value

chance of having to encash this year*

 exit charge
1

16.2%

2

13.2%

3

11.5%

4

11.0%

5

6.5%

6

6.5%

7

6.5%

8

6.5%

9

6.5%

10

6.5%

Average exit charge you are likely to pay

You can avoid these charges by not buying these contracts, which include include older-style 'MIP's, endowments, whole life contracts, friendly society plans, and assurances.

There are annual charges, too, which you can also reduce.

* Figures taken from the published persistency tables and the OFT Report "Surrender Values of Insurance Policies'

For examples of financial products with less annual charges, search the articles for 'wrap account'.