Simon Armstrong, Independent Financial Adviser at Lonsdale Services, St Albans is giving up to one day a month of his time to go into Citizens Advice Luton to provide pro bono (no charge) generic financial advice to clients referred by the bureau.
Simon Armstrong said:’ The Personal Finance Society of which I am a member was looking for Financial Advisers to volunteer for the MoneyPlan project so I put my name forward. The project interested me as it provides access to specialised generic financial advice to those that otherwise would not be able to afford it.’
The MoneyPlan project was started in 2005 and by 2013 it was rolled out nationally, so now over 35 Citizen Advice Bureaus are involved. The key benefit is that Financial Advisers can work with Citizen Advice Bureau staff to offer clients the advantage of combining the CAB workers knowledge of state benefits, death and tax credits with the specific skills and knowledge of the Financial Adviser.
Simon Armstrong said:’ I have found the work very interesting and I am now more knowledgeable about the benefit system and how it works. Many people I see have very general enquiries about their pensions, and it is satisfying to be able to explain the different options that are available to them. In response to feedback from our own clients Lonsdale Services are now organising FREE pension seminars - ‘Making sense of your pension options,’ for anyone over 50 or approaching retirement which will be held in St Albans on 10th March and 13th May.’
Lonsdale Services operate offices in St Albans, Barnet, Harpenden, Leeds, Stafford, and Ware supporting a variety of wealth management and employee benefit clients across the United Kingdom.