What are the equity release options for you?
HAVING covered equity release in as much detail as I could over the last few weeks, I’ll now detail the options available for those of you considering releasing equity. There are two types of equity release (although I could argue that selling and downsizing is another). A lifetime mortgage and a home reversion plan are […]
The equity release myths and your questions
WE had several questions from you regarding the last two weeks’ columns on equity release which I will cover. There have been a few old tales circulating around equity release for many years, but those issues have disappeared long ago. “If I take out an equity release, can I downsize later?” Yes. Around 60 per […]
Unlocking the benefits of equity release
WE covered some of the mis-selling practices of equity release last week. Let’s look at where the possibilities lie. For some, equity release is a great idea, for a salesman looking for a commission, it can be ‘made’ into a good idea. Over the next couple of weeks, I’ll give you a good run down […]
Equity release – the dangers of mis-selling
OVER the last few weeks, I’ve covered much of the lending and debt market and how to manage it ethically and effectively. And now to another area of lending – equity release. In June last year, the Financial Conduct Authority laid out its concerns for customers who may be susceptible to buying unsuitable equity release […]
Debt consolidation loans – what you must look for
FOLLOWING last week’s column on the extortionate rates being charged for credit card debt, I had some queries regarding debt consolidation loans which I’ll just clarify. Just like the old Gombeen man, as most of you will have seen, there are many very helpful comparison sites out there keen to ‘help’, like putting a fish up […]
Walking for Refuge: “It’s a small gesture and if it helps even one family, I’ll de delighted.”
WORLDWIDE’S Communication Director will be stepping out in February to take part in a walking challenge to raise money for the largest domestic abuse organisation in the UK. Refuge, which empowers women to live without violence and fear, has organised the ‘56 Miles in February for Refuge’ challenge and Eleanor McGillie will be out and […]
Eradicating extortionate debt costs
FOR many, Christmas is a time for getting together, relaxing, and potentially for relaxing the wallet too. The yucky dark weather arrives, and January’s wages are swallowed in the November and December credit card. It’s not an overly motivational time. Thankfully the Six Nations rugby is just around the corner . . . Having debt […]
Set some fresh financial goals for the new year
IN the last 35 years of financial planning, there have been one or two scenarios where we have had to set financial goals for the customer. Whether the customer is very wealthy, or without a penny at the end of the month, the strategy is broadly the same. The steps are simple: Firstly, become aware […]
Worldwide Financial Planning is a member of the Equity Release Council
THE Equity Release Council, the industry body for the UK equity release sector, representing providers, qualified financial advisers, solicitors and intermediaries, has announced that Worldwide Financial Planning is a new member of the council. The Equity Release Council represents the equity release sector and promotes high standards of conduct and practice in the provision of, […]
Financial resolutions for 2023 – here are some tips!
LAST week I covered many of the issues with financial stress, so I’ll cover a few answers this week in the form of tips for financial resolutions. Over the last 25 years of writing financial columns, I’ve witnessed first-hand all aspects of financial stress on readers, irrespective of their wealth (please trust me on this). […]
Worldwide kicks off 2023 by signing the Menopause Workplace Pledge
WORLDWIDE Financial Planning has kicked off the new year by signing the Menopause Workplace Pledge – a campaign by ‘Wellbeing of Women’ which encourages businesses, large and small, to take positive action to make sure everyone going through the menopause is supported. Women make up almost half of the workforce at Worldwide across its three […]
Our mental relationship with money
SINES, cosines and tangents. While I was pretty handy at maths, this was beyond me. I was 16 and had other things on my mind. Oh, and I wasn’t paying attention at the start. While I could easily google trigonometry today, I’m confident my response would have me revert to staring out a window thinking […]