Financial Planning Guidance

    Financial planning is the process of taking control of your finances and making your money work harder for you. As your life and the world around you change, your financial plans will need to adjust and adapt to suit your current needs. So you need to review your financial plans regularly.

    Why is Financial Planning important? Financial planning helps you:

    • Sort out your priorities
    • Work towards your long-term goals
    • Review your ongoing objectives and ‘Investment Risk’ strategy
    • Review your plans to see if they are performing as expected

    The process of financial planning should be ongoing, long-term and flexible and include the things you want to do in the future. You should regularly review your financial objectives to ensure your current contracts still meet your ongoing needs.