Personal Centre Information

Kingsworld have been providing Independent Financial Advice for over twenty five years, and now provide advice to thousands of people all over the world. The following comments summarise our services, but should you have any query on personal financial arrangements that is not covered on this or the more detailed information available, then please complete the query form and we will respond as soon as possible.

When providing advice, we can only provide recommendations based on the financial and taxation provisions that exist or can be reasonably anticipated at the time. These recommendations will always have relevance to a client's current circumstances and expectations, as expressed to us and recorded on our Client Financial Information Form. Clients are invited to share their thoughts and plans fully with us, as the more information we have, then the more appropriate can be our advice; all discussions with us are strictly confidential.

Specific Financial Advice

If you require advice on specific matters only, then we will accede to your request. We may point out to you other aspects of your financial arrangements that require attention, but it is then your decision whether you take action on these.

Overall Financial Advice

If you ask us for overall financial advice, then we will provide this on the basis set out below:

Risk benefits

If there are those who are financially dependent upon a client, then our first task must be to draw up and recommend arrangements that will ensure that their dependants do not suffer financially in the event of the client's death or long-term disablement.

If there are no dependants, then provision for income during long-term illness or disablement is likely to be of higher priority than benefits payable on death.

In both of the above situations, we will take into account any benefits provided under an employer's scheme, as well as any benefits secured under existing personal arrangements. Should we advise the discontinuance of payments to any policy, then we will explain why in writing, and no such action will be instigated without written confirmation from the client. It is not normally advisable to surrender policies, so we will explain the alternatives prior to any action being taken.

Pensions

If membership of a pension scheme to which an employer contributes is available, then it will normally be our advice to join (or remain a member of that scheme). If there is no opportunity to join such a scheme, then we will advise on the pension options that are available, taking into account the information supplied on present and planned work activities. We will also explain the effect of single and regular contributions, so that the best way of building up a retirement fund can be determined.

Savings plans (including pensions) and lump-sum investment

Before making any recommendations, we will wish to ensure that a client has sufficient cash on deposit to cover any likely short-term needs. Our proposals for the investment of surplus resources will take into account:

The risk involved.

This will be explained for each investment recommended, and must be acceptable to the client. If the plan is linked to a loan or mortgage, then the performance needed to pay back the loan will also be made clear.

The taxation applicable to the investment.

We will recommend those investments that are the most tax-efficient, commensurate with the level of risk that is acceptable. In general we will seek to provide a tax-free product in preference to one where the investment is taxed. Levels and bases of, and reliefs from, taxation are subject to change and their value to clients will depend upon each Client's personal circumstances.
Flexibility.

Circumstances may change, so we will give preference to products that allow payments to be revised or suspended without incurring penalties or costs.
The expenses involved.

All plans have charges, and we will illustrate the estimated time that it will take for an investment to be worth more than has been paid in, bearing in mind the charges involved and the nature of the chosen investment.
Whether capital growth, income, or a mixture of both is required.

There are some investments designed to produce income, whilst under others "income" can be produced by encashment of part of the investment. We will define which is proposed, and explain the long-term effect of this on the invested assets.
Our income

Payment of our charges can be by either fees or commissions. Where ongoing monitoring of investments is required, this will normally be on a fee basis, but any commissions received will be offset against our fees. We will always advise clients of the costs involved in our service, and the best way of paying these.
Conclusion

It is our desire to provide the best of service for clients via a mutually beneficial business relationship that lasts for many years. Maximum benefit will only accrue from this relationship, however, if we are informed of changes in a client's circumstances where these are likely to affect the advice we have given. To enable clients to do this easily, we offer a FREE Client Linkline 0800 092 0017, or email us! We hope that clients who enjoy the quality of our service, will recommend us to friends and family - expansion in this way helps us to keep our costs and, therefore, our charges to a minimum.