Celebrating our 10th anniversary in 2012
Lynn Laws, PA and Nick Hodgetts, Cert PFS Dip FA
Local firm, Lighthouse Platinum Wealth Management Ltd, is celebrating 10 years in business and, at the same time, exam success for independent financial adviser, Nick Hodgetts.
The company, based in Felaw Maltings in Ipswich, was launched in June 2001. It is headed by Nick Hodgetts, who recently passed QCF4 level exams, the Financial Services Authority’s newest benchmark for financial advisers.
He said, “We have had 10 good years and we are feeling very optimistic for the future. The need for financial advice has never been greater, to protect families and businesses and plan for retirement. There is so much happening – partly because of economic conditions but also changing demographics. Life expectancy is increasing so there is greater focus on income in retirement too.”
“At the same time, our regulators are raising the bar in terms of qualifications and standards are rising. That’s good news for the public but it is making life harder for many IFAs. The legal requirement to pass QCF4 exams by the end of next year may be the final straw for many,” he said.
“At the moment there are four taxpayers to every one person of pensionable age but that ratio is forecast to fall to just two to one. That could place a huge burden on taxpayers and it explains the renewed encouragement for personal pension planning.” he added. “The government’s Workplace Pension Reform package, due next year, is only one of the changes in the pipeline for which employers and employees should take proper advice.”