Rickard Luckin Financial Services
- protection against risk
- savings and investments
- retirement planning and pensions
- estate and trust planning
Financial Services for Life
Through Rickard Luckin Financial Services (“RLFS”) – a sister business to Rickard Luckin – you can access expert advice on a wide range of financial matters including pensions, investments, retirement and estate planning, and risk protection.
RLFS provides a personal service, delivering solutions that help you achieve your aims, take advantage of opportunities and adapt to changing circumstances in your life.
You will be guided through the practical and tax implications of pensions, investments and other financial products in line with sound financial principles and robust planning strategies.
No matter what stage you have reached in life, there is no substitute for professional financial planning and RLFS provides this via its team of experienced, highly qualified advisers.
The way RLFS works
The financial world is confusing. With so many products and options available, you may sometimes feel it is easier to do nothing than try to make sense of it all.
That is where RLFS can help. The team will take time to look at your individual circumstances in order to understand where you are now and where you want to be in the future, with any advice being based on an in-depth analysis of your needs. No two people are the same, so you can be sure that the recommendations will be unique to you.
When you are thinking about your finances, you need to consider how best to protect yourself and your family against all the most serious risks that you face.
By reviewing your existing arrangements RLFS can help you decide on the right level of insurance and the appropriate types of cover, including life assurance, critical illness cover and payment protection cover, to meet mortgage repayments if you suffer an accident, sickness or unemployment or are unable to work.
If you are in business then protection policies, including cover against the death or illness of key staff or shareholders, can be put in place.
You work hard for your money, so you want it to work hard for you, to help you achieve your goals, both short-term and in the future. RLFS’s investment strategies are designed to do just that.
It starts by assessing your attitude to risk. By asking some simple questions to establish whether you are willing to take bigger risks with your money to achieve potentially greater rewards, or whether you prefer a return that is likely to be lower but with greater security, your risk profile is assessed.
By matching your investments with your attitude to risk, you can be sure that the products and funds chosen are right for you. RLFS aims to build a long-term relationship with you and can, if required, review your investment strategy on an ongoing basis, tailoring it to suit any changes in your circumstances.
When it comes to retirement planning, it is never too early to start thinking about your financial security in later life.
Retirement planning is different for everybody, because no two people and their circumstances are the same.
We would all like to enjoy a comfortable lifestyle in retirement but the State pension alone can only provide the absolute basics. RLFS can help with the complexities of pension planning and construct a plan for a sound financial future.
Your current pension arrangements and what these are forecast to provide will be analysed.
By ascertaining the income you would need to provide for your desired lifestyle, the kind of contributions you will need to make to give you that income, and your options, can be assessed.
The good news is that pensions are more flexible than ever before, from simple individual pensions to more complex schemes such as income drawdown and self-invested personal pensions (SIPPs).
There are also other saving and investment opportunities to supplement your retirement income. All recommendations will be based on you, your circumstances and your attitude to risk.
Alongside your pensions planning, if you are in business RLFS will help you to plan your exit strategy – whether you wish to pass on the business to the next generation, sell it as a going concern or wind it down – and make sure that the process is tax-efficient.
In addition, you will be helped to consider issues such as long-term care and medical insurance, to give you peace of mind in case of ill health. However RLFS helps you, the aim is to work with you long-term to make sure that your portfolio keeps pace with your changing needs and advise on new opportunities.
Most of us want to know that when we are no longer around, we will be able to take care of the people we love by passing on the wealth we have worked so hard to accumulate.
The last thing you want is for the “tax man” to take any more of your assets than necessary but in organising your affairs in the most tax-efficient way, you also need to make sure that you take good care of your own financial needs in retirement and old age.
Estate planning includes drawing up a well-drafted, tax-efficient will and taking advice on opportunities to minimise inheritance tax, including lifetime gifts.
Other estate planning solutions include “whole of life” insurance policies, which can help to offset significant inheritance tax bills in the future. Trusts are another useful tool for protecting assets to be handed on to future generations in a tax-efficient way.
Whatever the size of your estate, RLFS can advise on opportunities to help you pass on your assets more effectively.