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La Playa: Insurance with Intelligence®

Why get financial advice?

Most people are likely to need financial advice at some time in their lives; especially so when going through a significant life event like having a child, buying a home or deciding on when and how to retire. The benefits of using an Independent Financial Adviser (IFA) are many fold, including helping plan for the future, saving money, reducing tax and growing the value of your pensions or investments.

How can an Independent Financial Adviser help me?

IFAs offer independent advice on a range of financial matters including your:

  • Savings and Investments – including but not limited to cash deposits, ISAs and Investment Bonds
  • Pensions – building your retirement fund, options when taking it and advising on pension transfers
  • Protection – ensuring any income protection, life or critical illness cover offers you comprehensive cover, at the best cost, from the whole of the market.
  • More complex areas - like estate and tax planning.

Initially, a qualified adviser will discuss your current circumstances, your lifestyle and financial goals and your budget – this is sometimes known as a ‘fact-find’.

They will then undertake extensive research of the whole of the market (they are not limited to a small number of providers) and present you with a written report, bespoke to you, explaining the reasons behind the advice.

If you’d like to read more on how an IFA can help you, the Money Advice Service (a government-run body) outlines the benefits of getting financial advice here.

What are the benefits of using an Independent Financial Adviser?

An IFA will often ask a range of ‘what-if’ questions that you may not have considered and help you work out what your financial goals are. For example; what age do you want to retire and how much money will you need based on the lifestyle you’d like?

If you are looking to arrange a complex financial product, such as a pension or investment, it may save you (or make you more) money by seeking independent financial advice, especially if you’re not sure of all the ins-and-outs of the product, the legislation and the tax treatment surrounding it.

The real value of financial advice is seen over the longer term after you have put your financial plan in place. Your IFA will meet you on a regular basis (at least annually) to review your financial plan and ensure it remains appropriate for your current situation. They will adjust your arrangements as the markets or tax rules change to ensure you to stay on track to achieve your longer-term life goals.

How much does it cost?

Most IFAs will offer a free consultation at an initial meeting, to understand which areas you would like financial advice on, to identify how they could help you, and for you to get a sense of whether you’d feel comfortable working with them.

Thereafter the cost of advice will be dependent on how many areas you would like the adviser to provide advice on and the complexity of your situation. There are different ways that you can pay for advice including:

  • An hourly rate
  • A set fee for a price of work
  • An ongoing fee; for ongoing investment and review services

The cost of these should always be set out in a fee agreement before the IFA starts to work for you, signed by both you and your IFA. But whenever you consider the cost of advice, it is a good idea to think about its value too.

How do I get professional advice?

If you would like to know more about how we can help you plan and realise your financial goals, please contact us at [email protected] or call us on 01223 200 650.

La Playa has a team of experienced Financial Advisers who can advise on your personal or business financial arrangements. We have been building trusted relationships with clients for many years by articulating clear and tailored recommendations in areas ranging from investments to retirement planning, to complex estate planning advice.

The information contained is for guidance only and does not constitute financial advice. It is based on our understanding of UK legislation, whether proposed or in force, and market practice at the time of writing. Levels, bases and reliefs from taxation may be subject to change. Accordingly, no responsibility can be assumed by la Playa its officers or employees, for any loss in connection with the content hereof and any such action or inaction.

Why get financial advice?

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Cash Management
Cash Management
Entrepreneurs and Business Owners
Entrepreneurs and Business Owners
Estate Planning
Estate Planning
Family Protection
Family Protection
Investments
Investments
Pensions and Retirement Planning
Pensions and Retirement Planning
Tax Planning
Tax Planning
Wealth Management
Wealth Management
Why get financial advice?
Why get financial advice?

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What Our Clients Say

Specialist & Independent

The La Playa Way: Your Personal Risk Concierge

La Playa’s intelligent approach to financial services is founded on absolute integrity, an in-depth understanding of our clients, a high calibre team of advisers and a commitment to excellence in service.

La Playa's Financial Concierge service means advice you can trust - from an expert who understands you:

As a Lloyd's broker, La Playa has solutions for even the most complex risks, and our services also include Business Protection and Employee Benefits. But what does "Boutique Service" actually look like?

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1

Careful listening to really understand your needs and priorities


2

As much help as you need with completing forms to provide risk information


3

A discreet and complimentary appraisal* to assess the risks and ensure you have the right coverage where you need it


4

An independent market review - so you don’t have to shop around comparing policies, cover limits, risks covered and smallprint exclusions


5

Careful monitoring of the carriers’ financial strength, claims and customer service


6

An independent recommendation of the best policy for you - and why


7

Specialist policy wordings from underwriters who have demonstrated excellence and deep understanding of your risk exposures. We have analyzed a wide range of policy wordings and have selected only the best for our panel. Our advisers have a deep working knowledge of these policies
*subject to insurer availability


8

An intelligently designed portfolio of protection across multiple asset classes, liabilities and territories


9

Advice on how best to manage your risks - to keep you safe but also to keep insurance costs down


10

A dedicated adviser so you can speak to the same person each time.


11

Expert guidance on valuations, security and risk management, and connecting you with specialist advisers and suppliers


12

Direct phone and email access to your adviser for questions and advice.


13

Policy documents emailed to you - no logins and passwords to remember


14

An advocate beside you if you make a claim - thinking laterally to mitigate the impact, making useful connections to get you back up and running, and driving through a swift financial settlement


...and more. La Playa’s Risk Concierge promises only the best,
ensuring that every client we work with is given utmost priority.
No call centres, hold music, hidden fees. with La Playa, you are our most important client.

Employee Benefits Concierge

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