Welcome

Find clarity in financial planning

Fryer Glass is an independent financial planning consultancy with over 30 years’ experience. We provide two distinct services: Financial Review gives you a clearer picture of your financial situation and the positive steps you can take to achieving your current and future lifestyle and financial goals. Financial Implementation offers expert financial advice relating to pensions, insurance, investments, inheritance tax and financial paperwork.

Our clients range from young working professionals to families and retirees throughout London and the Home Counties. Here you can find out more about what we do, and how we can help you make the most of your finances.

Fryer Glass is approved and regulated by the Financial Conduct Authority (FCA).

  • financial-planning-awards-runnerup
  • finanal-planning-awards-2016

Why Fryer Glass

Independent Financial Planners

About Us

Experts focused on your financial future

Fryer Glass is an independent financial consultancy based in Surrey. We help you identify and understand the strengths and weaknesses of your financial position – and what they mean in practical terms. It’s all about helping you focus on your financial goals, and explaining the steps you can take to achieve them.

Our approach to working with you is based on openness and transparency, as we look to become your long-term advisors for all things financial. This means, for example, we always quote all work upfront with no hidden charges or ‘additional fees’.

And because we’re independent and have visibility of the whole market, we can give you impartial advice on products and strategies, and share our rationale with you whenever you ask for it. This is why nearly all of our new clients approach us following recommendations from family, friends and colleagues.

As experienced and qualified as we are, we remain committed to continuous professional development. We attend events and trade shows regularly, and undertake at least 50 hours of FCA-approved training each year. This ensures we’re always up to date with the latest rules and regulations that might affect your financial situation.

Our Approach

A clear path to your financial goals

Fryer Glass applies a proven five-stage process for getting your financial plans clarified and into effect. At every step, we keep you fully in the picture, and as involved in your personalised plan as you choose to be.

  • 1

    Introduce

    To begin clarifying your current situation, and to start helping you achieve your financial goals, we’re happy to meet you somewhere convenient for an initial conversation. Or we can just as happily discuss your requirements over the phone or by email. Whichever you prefer, this is free, comes with no obligation, and takes about an hour.

  • 2

    Enquire

    Based on our initial discussions, we then give you a bespoke financial questionnaire to complete and return. This gives us a much clearer understanding of your financial situation and the things you’d like help with.

  • 3

    Analyse

    We then process and analyse the information you’ve given us, using powerful financial software to build a detailed and accurate picture of your current financial position and what you want to achieve.

  • 4

    Clarify

    Now it’s time for us to present your current and projected financial status to you, with full explanations and recommendations for how to address the key financial issues we’ve identified together. This normally takes two to three hours.

  • 5

    Act

    Then it’s time to start implementing the plans we’ve agreed, and to start working together towards the goals we’ve set with you. Any financial products we recommend to you will be accompanied with a detailed suitability letter, with the cost for any additional work quoted upfront. We will only proceed with your authorisation. And of course, we’ll be keeping you updated and informed every step of the way.

  • Financial Review

    Our Financial Review services give you a unique insight into every aspect of your finances – and give us solid foundations on which to give you the best advice.

    It goes without saying: your needs and aspirations are unique to you. So our Financial Review service is, too. The journey to better finances begins with an informal discussion about your financial situation, and the aspects of it you’d like our help with. Based on this, we give you a bespoke questionnaire and other documents to complete and return.

    We then use sophisticated and powerful software to analyse every aspect of your finances before sharing our recommendations and rationale with you.

    Our Financial Review is designed to give you a clear and complete understanding of your finances, plus general guidance on how, together, we can improve your financial situation. For example, we’ll help you develop a clearer picture of:

    • Net worth – understanding your assets and liabilities, and whether your investments match your risk profile.
    • Income and expenditure – assessing what you do with your income. Are you saving too much, or not enough?
    • Tax position – guiding you through potential tax breaks and confirming you’re not paying too much.
    • Pension position – clarifying your projected pension, so you have enough, but don’t exceed the lifetime allowance.
    • Protection planning – making sure your family is financially secure if there are significant and unforeseeable life events.
    • Inheritance Tax planning – explaining how inheriting a large sum of money can affect your finances, and how planning can help your family avoid paying too much tax on what you leave for them.

    Our Financial Review service costs just £750. That’s a sound investment when you see how much our professional advice and expert guidance saves our clients – and could save you.

    Get in touch

  • Financial Implementation

    This aspect of our service is ideal if you’re seeking advice and guidance with pensions, insurance, investments, inheritance tax and financial paperwork.

    Ultimately, our advice and guidance is designed to benefit you, so we recommend you use our Financial Review service before discussing any firm plans for achieving your goals. Our Financial Implementation service is far more focused and effective if we have a clear understanding of your current financial situation and the changes you’d like expert help with.

    Pensions Investments
    Fryer Glass can help you to fully understand your current and future pension position and highlight ways you can improve it. Pension rules change regularly so many clients look to Fryer Glass as their first port of contact for all Pension Investment advice and requirements.Insurance Needs
    We can help you to protect your family in case the worst should happen. Fryer Glass provides advice and guidance on a range of insurance policies including: Life Insurance, Family Income Benefit, Critical Illness Cover, Income Protection and Business Protection.

    Investment Advice
    Helping you to understand your current investments. Fryer Glass uses specialist investment portfolios, designed for people with differing attitudes to risk, over a variety of investment periods. This way we can be sure the investment is right for your unique circumstances.Inheritance Tax Planning
    We offer advice and guidance on how to minimise inheritance tax and the different ways for you to pass wealth on to your family, loved one and charities without lessening the quality of your standard of living in your retirement.Financial Paper WorkFrom bank statements to utility bills, Fryer Glass can help you to sort out your financial paper work, advising you on what can be got rid of and what you need to keep – ensuring you can easily access your financial information when you actual need it.

    Get in touch

  • Pension Investments

    Pensions can be very detailed and complicated. So to help you understand them, we provide expert advice and guidance, and help you answer key questions such as:

    • What is my current pension situation?
    • Will there be enough money for me when I retire?
    • How much does my employer currently contribute?
    • How well are my pension fund’s investments performing?
    • Can I use my pension to pass wealth on to my children?

    We can also highlight how you can improve your pension position dramatically, by changing relatively little. Our knowledge and experience will reassure you that decisions you make now will benefit you later in life. And of course, pension rules change regularly, so we’ll provide in-depth, up-to-date explanations on how these changes might affect you.

    Get in touch

    Pension Investments

  • Insurance Needs

    Nobody wants to think about dying prematurely, or suffering serious illness or injury. But thinking about these things now is important if you’re to protect yourself and your loved ones from the potential financial impact. To help with this, we use software to assess how vulnerable you might be to critical illness.

    You may already have cover from your employer, but it may still leave you and your family financially exposed. We can explain what your existing cover means in real terms, according to different scenarios. And we can help you find the products that best match your needs, including:

    • Life insurance
    • Family income benefit
    • Critical illness cover
    • Income protection
    • Mortgage protection
    • Business protection

    We monitor the insurance market closely, and as independent financial planners, we’re not tied to any one provider.

    This means we can choose the products and providers that best suit your needs, and we’ll always share our rationale for our recommendations – sidestepping the jargon in the process and helping you fully understand your investment.

    Hopefully you’ll never need the cover, but the peace of mind it provides can make the relatively small premiums a worthwhile investment.

    Get in touch

  • Investment Advice

    We can help you make full sense of your current investments, and will analyse them alongside your attitude to risk. Then we can show you if your investments are really going to meet your expectations – and if not, help you do something about it. In effect, we’ll help you answer these questions:

    • What is the best way to invest large cash revenues?
    • Am I taking unnecessary investment risks?
    • Am using any and all tax reliefs available to me?
    • Am I using my full annual ISA allowances?

    Once we’ve explored your situation fully, we can advise on any changes. We use specialist investment portfolios, designed for people with differing attitudes to risk, over a variety of investment periods. This way we can be sure the investment is right for your unique circumstances.

    Using our powerful software and expertise, we can show you how your investments will grow over time. And we will provide full explanations for why we recommend specific investments.

    Get in touch

    Pension Investments

  • Inheritance Tax Planning

    Have you thought about what happens to your wealth when you’re gone? Making the most of your IHT options can get very complicated, but in very basic terms, anyone can pass on up to £325,000 – tax-free – on their death. So for a married couple, that is £650k, and the beneficiary pays 40% tax on any more than this. If this is a concern for you, we can help.

    As with most things tax-related, the rules change regularly. It’s part of our expertise to stay up to date with these changes, and make sure the specialist advice we provide is accurate and valid, and relevant to your circumstances. It is perfectly normal, and legal, to want to pay as little tax as possible, and we can help you find ways to reduce the tax due on your estate when you die, without affecting your standard of living during retirement.

    There are many ways you can pass wealth on to your family, loved ones and charities. In close consultation with you, we can help you do this in a way you’re comfortable with.

    Get in touch

    Inheritance Tax Planning

  • Financial Paper Work

    Almost everyone receives a steady stream of financial paperwork, by post or email. It’s relentless – from bank statements to utility bills, to insurance paperwork, to phone bills. We can help you organise this paperwork in one or two easy-to-manage files.

    We’ll help you get rid of all the bits you don’t need, and better organise and protect the bits you should keep. It makes life so much easier when it comes to filing and accessing information when you actually need it

    Get in touch

    Financial Paper Work

Meet the Team

Fraser Glass CFP FCSI CTA

Fraser’s background is in Chartered Accountancy, specialising in tax work as a partner In a London firm – but he has been a specialist financial planner and tax advisor for nearly 30 years. He is a Fellow of the Chartered Tax Institute and the Chartered Institute For Securities and Investment, and is a Certified Financial Planner.

Mark Fryer BA DIPFA

Throughout his financial services career, Mark’s focus has always been on clients, and helping them improve their financial situation. Knowing no two clients are the same, Mark uses his excellent people skills to ensure Fryer Glass enjoys a growing portfolio of long-term clients. He is currently working towards Chartered status, and has an Advanced Diploma in Financial Advising.

Fryer Glass

Who do we work with

Latest News

Latest news and financial insights from Fryer Glass

How to view investment activity when there is market volatility

On the eve of the General Election, it's perhaps apt to be talking about stock market fluctuations. The market may lurch one way or the other when they open on Friday morning. Who knows, and really, does it matter that much? Some economists think the global economy may be on the verge of recession - and that possibility may be another reason to be wary of how markets may behave. An article we read recently, (that we have linked to at the bottom here), suggests that those who try to time their market activity do no better than would be expected by chance alone. In other words, out thinking the market is a losing game. The good news for investors is you can have a rewarding investment experience without trying to outguess the market. But you may need to alter to a more long-term view about investing. That is what we advocate at Fryer Glass. Investors are better advised to alter the way they think, as opposed to how they act. For example, in the nearly 100 years of data, the U.S. stock market has returned 10% per year on average, though it has rarely returned that in any individual year. If you’re concerned about the possibility that the next downturn is just around the corner, and you're tempted to try and head it off - consult with a financial adviser who may be able to put you at ease. Sometimes doing nothing is actually doing something—think of all those people who sold out of the market in 2008 and missed the last 11 great years for equities. The article has been written for an American readership, but the over-arching points are universally applicable. Living in Fear of a Market Downturn If you are considering your investment options and want to obtain independent financial advice, contact Mark Fryer at Fryer Glass on 01276 301103 or email info@fryerglass.co.uk    

How to plug a retirement savings shortfall

To retire comfortably it is suggested that every person needs savings of at least £300,000. Assuming entitlement to a full state pension of £168.60 per week, this can ensure a moderate retirement lifestyle. The problem is that a recent study by SunLife Insurance Group showed that the average pension pot for those aged 50-59 is c£150,000. Only 50% of the suggested recommended amount. This means that for many thousands of people turning their thoughts towards retirement, the outlook may be gloomy. They may have to work longer than they expected or already have to start thinking about the concessions to their expected standard of living. For people with c10 years left until retirement, we would encourage people to think about how they might be able to bridge the gap between what they have and what they need.
  • Analyse all current expenditure, cut down on unnecessary expense to enable a greater proportion of monthly income to be allocated to saving.
  • Take advantage of Government tax relief schemes by saving into a pension account. Basic rate tax payers will get 20% tax relief on pension contributions.
  • Take professional advice on the right investment strategy for your age and particular circumstances.
Are aged between 50 and 60 and want a better understanding of your pension in retirement? Contact Mark Fryer at Fryer Glass on 01276 301103 or email info@fryerglass.co.uk Click to read the complete narrative of this article on the Finance pages of the Yahoo website.

New Google 5 Star Review for Fryer Glass

We are delighted to have received a recent Google 5 Star Review from a recent client. "I have used Fryer Glass on two occasions; once for advice and help setting up a pension fund; on the other, for some help with the financial arrangements necessary to plan a property investment. On both occasions, their service was excellent. Using a financial adviser can feel awkward and intimidating, especially if you're not financially minded. However, Fryer Glass put you at ease and take you step by step, answering all the questions. You won't finish the meeting with an MBA but you'll be fully aware of your investment (and they'll make sure of that). Because the financial sphere touches all aspects of life, it's worth mentioning they are incredibly discreet and sensitive to personal matters one has to discuss with them. Finally, they are trustworthy and they will tell you things as they are. And yes; you can be absolutely sure they aren't going to try to sell you something you don't need! Pedro Portela

Report says that parents spend half of their salary on their children

Parents are spending half of their annual salary on children according to Creditfix.co.uk. Private education / university fees, childcare, holidays and music lessons as well as essentials like food and clothing all contribute to the 50%. The personal insolvency practice’s UK Spending Report found that parents are spending an average of £14,916 on their child each year. This is more than half of the average British salary, which comes in at £29,009 a year. One in three parents say they underestimated the costs associated with raising a child and shockingly. The decision to start a family is an exciting time. In the same way as it is important to prepare your home for any new arrival, it might also be sensible to review finances as well. A financial review can see that your money is working hard for you and you can understand if your existing insurance arrangements meet the needs of your larger family and increased responsibilities. If you are at this stage of life considering a family, or you have a young family, we'd be delighted to help. It could be one less thing to have to worry about. Call Mark Fryer at Fryer Glass on 01276 301103 or email info@fryerglass.co.uk Click to read the complete Creditfix.co.uk article on the YourMoney.com website.  

Beware the Equity Release interest rate trap than can eat away at the value of your home

As the number of people between 55 and 59 years old taking equity release loans is set to be three times higher than 10 years ago, there is concern that people are borrowing too much to soon. Few people it seems are aware that the way interest is calculated on Equity Release loans can seriously eat into the value of a home. It can be attractive at the outset to improve the quality of life as retirement approaches and the TV adverts etc. push that hard. However a worse case scenario may see someone in their 50s take 50% of their homes value, and interest charges may have eaten up the entire remaining value before the person has passed, leaving nothing to hand down to the next generation. It's a chilling though that before you die it's possible the lender may end up owning your home. There are calls to raise the age limit at which equity release schemes become available, or at least a greater education into how the interest payments are worked out and their accumulative impact over say a 20 year period. Equity release may be a suitable scheme depending on individual circumstances. There are numerous different ways to raise money if that is what people in their 50s wish to do. We will always sit down with clients understand what they are trying to achieve and make recommendations on the most suitable way to achieve their monetary objectives. Call Mark Fryer at Fryer Glass on 01276 301103 or email info@fryerglass.co.uk This is a very brief summary of a longer article that appears on the website www.thisismoney.co.uk  

Fryer Glass joins Community Matters Partnership Project (CMPP)

Fryer Glass is delighted to announce that it has become a partner of the Community Matters Partnership Project (CMPP). CMPP is a charity that provides businesses with opportunities to enable their staff to take part in worthwhile projects that benefit their community, local schools and other charities that are close to their hearts. The work of CMPP is focussed around the areas of Farnborough and Woking with plans to grow into neighbouring areas in the near future. Commenting on joining CMPP, Mark Fryer said: "Fryer Glass & Company are very excited to partner with CMPP. We are dedicated to making financial planning more accessible as the need is vast amongst those that cannot afford to pay for help. We believe that by working with CMPP and their many partners we can help take on some of the challenges faced by local communities." CMPP CEO Tracy Jarvis added: “CMPP offers a wealth of opportunities for organisations to tap into the needs of the community and benefit from working and networking with other socially-responsible businesses. The subject of Corporate Social Responsibility (CSR) is one that Mark Fryer is passionate about and has as part of the core values of the business, CMPP are delighted to have Fryer Glass as one of our new partners.’’ For more information on CMPP, visit the website.

If you’re over 50 years’ old, please don’t ignore your financial future.

Data released earlier this month from the Department of Work and Pensions (DWP) has revealed real concern and fear that the money saved by this segment of the market is simply going to 'run out'. That's partly why a record number of workers are now over the age of 50 - almost 11 million adults. That's a rise of 32 per cent over the past decade. Separate data from Aviva has found that 61 per cent of UK adults are worried about the prospect of a longer working life – that's some 20 million people. As financial planners, we know and appreciate these statistics present a challenge. People approaching 50, or in their early 50s, are right to be concerned. Many have also seen at close quarters the quality of retirement their parents have had (or still are enjoying) and wonder why that lifestyle seems out of reach. We would implore people not to bury their heads in the sand. Sometimes it is those with fewer assets whom are most pleasantly surprised by how we can help them. As you can have a no cost and no obligation first meeting with us, you have nothing to lose. The idea for this piece came from an article about financial planning that appeared in The Independent newspaper on 13 September. A full copy of the article can be read here. Call Mark Fryer at Fryer Glass on 01276 301103 or email info@fryerglass.co.uk

Getting better with your money

Q: What do you call someone who doesn't want to be better with their money? A: I don't know, I've never met anyone who doesn't want to be in a better position with their money. Before we start....I know; building good financial health is easy to talk about, but very hard to follow through with. It's a little like eating more healthily and exercising more! But hey, it's September and the most popular time, after New Year, to hit the re-set button! Let's stay positive; it is possible to change bad financial habits for good. There are, for example, five essential elements to improving financial management and they are:
  1. Pay down debt
  2. Build a savings buffer
  3. Draw up a budget
  4. Know where your money goes
  5. Save into a pension
At Fryer Glass, we offer a financial review to provide a unique insight into every aspect of a client's finances. In return for the cost of the review (£750), we guarantee that after two years, the savings we have achieved and the returns on investments made, will be in excess of this outlay - and in many cases, well in excess. Anecdotally, it's always surprising how many people are over-insured for their needs and just how much can be saved once suitable adjustments have been made. The article that sparked the idea for this blog came from a piece in The Independent Newspaper on 8 September called 'How to get better with money'.

A financial review from the experts at Fryer Glass.

If you want to find out more about a personal financial review from Fryer Glass, please get in touch. These reviews are not just for people with surplus money who want to make even better returns, but also for people with limited resources, who just want them to go as far as they possible can. Call Mark Fryer at Fryer Glass on 01276 301103 or email info@fryerglass.co.uk

10 top finance tips for students off (or returning) to University

If you are off to start University in the next few weeks (or returning to start a new year,) here are ten fantastic facts that all students need to know. They are courtesy of The Independent newspaper.
  1. You need to have budgeting skills
  2. You shouldn't have to pay taxes
  3. You can get a rail card
  4. You need, really need, contents insurance
  5. Financial know-how is financial power
  6. You shouldn't just bank with the branch that is located on campus
  7. You have rights when renting
  8. Register to vote
  9. Help is available should you start to struggle financially
  10. University is more fun when you are in control of your finances
There's some really good information and stuff that's worth knowing, so take a look here. Finally, it might sound a little outrageous but it's never too early to think about financial planning in the round. A little bit of knowledge can go a long way in the long run.  Call Mark Fryer at Fryer Glass on 01276 301103 or email info@fryerglass.co.uk

The truth about family money. It’s not what you think.

  • 25% of adults under 34 years old live with their parents
  • Adult children living at home cost an extra £1,780 per year in household expenses
  • Should parents start to factor adult children living at home into their later life financial planning?
  • The Bank of Mum & Dad suggests that the flow of money in families is only one way. This article from The Independent shines a light on a more dynamic relationship between family members and cash. It's a really interesting read.
What we take from the article, apart from the human interest angle, is the relevance of financial planing at any stage of life. Financial planning is far less about how much money you have got, and more about making the correct choices between what you need to enjoy today and what can be placed elsewhere for tomorrow. That's a relevant conversation whether you are 25 years old or 65 years old. Fryer Glass provides a free first meeting with no obligation to take things further. We believe everyone deserves access to sound financial planning, so do contact us. Call Mark Fryer at Fryer Glass on 01276 301103 or email info@fryerglass.co.uk

New client testimonial for Fryer Glass

As consumer confidence falls, the importance of financial planning rises.

A recent report by Growth from Knowledge (GfK) caught our eye. Its latest consumer confidence survey reports a drop in confidence with more people worried about their personal finances. Perhaps unsurprisingly, the uncertain economic outlook is creating a drag, meaning people are less optimistic and more likely to defer big spending decisions. In many ways, we are all in the same boat. No one has a crystal ball, but it's one thing to worry about finances and another not to do anything about it. To borrow an over-used phrase from the past 3.5 years, you can take back control! A financial review can be a sensible exercise to go through with a financial planner, and is relevant at every stage of life, or when the future is uncertain, as is presently the case. You can read the article about the GfK Confidence report here. For a free, no obligation discussion about your financial objectives, call us on 01276 301103 or email info@fryerglass.co.uk

My CSR talk at ‘Real Networking’ event

I was delighted to accept an invitation to talk and lead a discussion on the subject of Corporate and Social Responsibility (CSR). I was asked to do this by the members of Real Networking, a networking group of small businesses that meet in Egham and Camberley. The subject of CSR is one that I am passionate about, but conscious not to appear as a preacher on the subject. The starting point for me is that I have never gone without anything in my life, and I'm grateful for that. I'm fortunate to live where I do and to have a good job. I am acutely aware how others, through no fault of their own, are far less fortunate. Helping them in some small way is a big motivation for me. An early show of hands among the audience suggested others take CSR seriously in their business too. CSR in Fryer Glass is relatively new and it is still evolving, but some of the outcomes I have observed include:
  • A greater likelihood for clients to recommend you to others;
  • A quicker move to a position of trust between client and adviser; and
  • A comfortable topic of discussion between client and adviser other than financial planning.
Fryer Glass did not start its CSR activity in pursuit of these outcomes, they are a consequence of CSR being central to the values of our business. You can read more about this here. It's interesting that the CSR credentials of businesses are becoming more important when it comes to choosing between two equal suppliers. Among the Millennials, the consumers of tomorrow, 85% state this to be an important factor in choosing a brand. For more details about Real Networking, click here

Not reviewing your pension charges could be costing you thousands every year.

When was the last time you reviewed your pension with your financial adviser? Not doing so could be costing you thousands of pounds, and unnecessarily so. Most responsible financial advisers and planners will reach out annually and invite a client review. Clients may think that if their affairs are in order, it’s not entirely necessary. A recent example shows why it is important. We met a new client who had not seen their adviser, let alone reviewed their pension with them for four years. In that time the adviser has been paid £4,000 (0.5% p.a. on a fund worth c£200,000). Our review found that the pension product charges were very much on the high side (1% for the pension provider and 0.5% for the funds), so in excess of £3,000 p.a. Following a thorough pension review by Fryer Glass, we made the following recommendations:
  • Reduce the financial adviser charges from £1,000 p.a. to £750 p.a. by switching to us and receive annual financial reviews to check that targets are being met and that retirement plans remain up to date.
  • Reduce the pension product charges from c£3,000 p.a. to nearer £1,000 p.a. without affecting financial performance.
  • Amended pension contributions that will see them earn thousands in extended tax allowances.
Comfortably we have delivered an annual saving of over £2,250. Money that can either be re-invested or used as a treat, like a holiday. If you’d like a second opinion on the charges made on your pension products, call Mark Fryer at Fryer Glass on 01276 301103 or email info@fryerglass.co.uk

A married couple in their 50s – a cautionary tale.

A married couple in their 50s recently came to us, requesting that we review their pensions and insurances. This a client profile that we see quite regularly. The pension funds were worth altogether c£150k. Our analysis found that the funds were invested way too conservatively for their attitude to risk and the time horizon. In a normal market, over the next 15 years, consolidating and re-investing the money will likely make them in the region of £60,000. The couple also had average charges of £1,800 p/a on their pensions. By moving into cheaper and better funds the opportunity exists to reduce these charges to £750 p/a. Regarding insurance provision, they were massively over-insured. It is common that people tend to be either over or under insured. By reviewing the couple's insurances and their wider financial situation, we are able to reduce their insurance costs from £5,000 p/a to close to £1,500 p/a. The new insurances will make sure they have more than enough cover if either husband of wife died, or were unable to work indefinitely. After the initial free consultation, the couple agreed to a Fryer Glass full financial review at a cost of £750. The result of the review is a conservative reduction on pension and insurance charges of over £4,500. If they choose to move their pensions they will almost certainly be considerably better off when they come to retire in 15 years. In summary: The financial problem: Poor pensions/insurance uncertainty. The solution: Review and then move/change pensions and insurance. The outcome: A better financial situation, reduced cost and peace of mind.   If this is a scenario that you can relate to,  call Mark Fryer at Fryer Glass on 01276 301103 or email info@fryerglass.co.uk

Now’s the perfect time to talk finances with your new partner.

It's summer and it's the wedding season. Bells will be peeling out across the land (and metaphorically in Register Offices and other licences places), in celebration of the coming together of two people who want to spend the rest of their lives together. Many couples will live happily too without getting married, but I make the point above for a reason. Once the confetti is swept away and the guests long-departed, there is the practical task of how to make a successful life together. At the centre of this discussion will be finance and money. As a couple what are your ambitions and aspirations? Do you have the income or the income potential to make your dreams a reality? Does either of you have any financial skeletons in the closet? There is no time like the time of coming together to have an open conversation about attitude to finance, financial history and access to finance. Unfortunately, research shows that people under the age of 45 are very poor at sharing their financial circumstances with those closest to them. An article in The Independent advocates talking to your partner about finance - before it's too late. Marrying, moving in or getting a mortgage this summer. A frank and honest discussion at the start can prevent issues arising in the future. If you are in a relationship and want to discuss financial planning as a couple, call Mark Fryer at Fryer Glass on 01276 301103 or email info@fryerglass.co.uk

Fryer Glass – Corporate and Social Responsibility

"One of the many enjoyable things about owning your own business, is shaping how your decisions can benefit the wider world. I’m somebody who is self-aware and regularly grateful to live and work in a place where health, peace and relative prosperity abounds. I’ve visited parts of the world where that is not the case. My experiences have influenced our approach to CSR and charitable support here at Fryer Glass". Mark Fryer, Fryer Glass Work for Good Fryer Glass is a member of Work for Good. Work for Good is a way that our business can give to causes that our clients care about. We have chosen 10 charities and a client chooses which one s/he would like 5% of their fees donated towards. If there is a strong preference to a charity not among the 10, but which is also in the Work for Good scheme, we can happily accommodate these requests. In circumstances where a client expresses no preference, we choose the charity, Children of the Dump. Visit the Work for Good website. Children of the Dump Children of the Dump provides education, family support and loving care to deprived children living in extreme poverty on and around the Payatas and San Isidrop rubbish dumps in Manila in the Philippines. It is a charity close to the heart of Fryer Glass as my wife is from the Philippines. Visit the Children of the Dump website. Oakleaf Mental Crisis Centre in Guildford We have recently chosen to become involved with this local charity. As financial advisers we help people that have money decide how to invest it. We are also aware of poor mental health amongst some people for whom a lack of money is a real concern. We provide monthly prop bono drop-in clinics at the centre for people seeking help and advice about their financial situation. Visit the Oakleaf Mental Health charity website.

How climate change is affecting the financial landscape of the UK.

There is little awareness it seems of the effect climate change has had, and continues to have on the finances of people in Britain - despite it often seeming as if we are shielded from the worst effects of a warming planet. An article from The Independent Newspaper explains how a warming planet could affect your pocket. Rising travel insurance costs Insurance premiums are likely to rise as the risks caused by extreme weather events also grow, not just because of costs to insurers but because travellers will want more extensive protection. More homes could be lost There are already coastal properties being lost to the sea as a result of coastal erosion but this is likely to accelerate in the coming decades, with effects on the housing market and on home insurance. Prices could rise In a world where droughts, unseasonal freezes and extreme storms are more common, we’re likely to see a knock-on effect on food prices. Investments could suffer People who do not actively invest may assume that if the returns on investments fall, it won’t affect them. However, from pensions to property prices, investments play a significant role in the economy. We may change how we shop One significant impact on our finances as individuals could be caused by societal pressures changing the way we shop and consume in the face of growing awareness of global warming and plastics pollution. Comment The future has always held concerns and uncertainties. Climate change is the one big issue affecting our generation. We would maintain a view that it is always best to plan for the future and that financial planning is an integral element. If you need any help shaping your financial future, do not hesitate to get in touch. Call Mark Fryer at Fryer Glass on 01276 301103 or email info@fryerglass.co.uk   This is just a short summary of the article, the full version can be read here.

How much do you need to save each month to give a grandchild £18k on their 18th birthday?

Read about how it can be done.

Your Top 10 Pension Questions Answered

From a recent article in Moneywise, readers submitted their pension questions and here are the most popular ones. Click on the article link at the end of the list to read the responses.  
  1. Should I take my tax-free cash?
  2. Could the Government abolish tax-free cash?
  3. Will the lifetime and annual allowances see further cuts?
  4. Should I transfer my defined benefit pension?
  5. Should I still buy an annuity?
  6. How much can I take from my pension?
  7. Can I take my whole pension as a lump sum?
  8. Must I take an income from pension?
  9. Will I be taxed if I take an income from my pension?
  10. Can I cash in my annuity?
Moneywise - Your Top 10 Pension Questions Answered If you have these or other questions about your particular pension circumstances, do not hesitate to contact us. Call Mark Fryer at Fryer Glass on 01276 301103 or email info@fryerglass.co.uk

How much is a realistic rainy day fund in 2019?

When we talk with clients about financial planning, one of the things we might discuss is the need for an emergency fund to cover unexpected expenses. It's commonly known as a rainy day fund. However, in response to the reality of how hard it is to save money, The Independent has coined the phrase Drizzly Day Fund. A rainy day fund was traditionally the equivalent of three to six months salary. How much I hear many of you cry! New analysis from a bank has suggested that having just £500 tucked away could make a real difference. Some younger people are being put off saving altogether because the three to six month target is so far out of reach. A more affordable target, like £500, is reachable and research suggests that £500 can be enough for most people to avoid a downward debt spiral. You can read a fully copy of The Independent article here. You can speak to us about anything related to savings and investments. Call Mark Fryer at Fryer Glass on 01276 301103 or email info@fryerglass.co.uk

Half of UK workers 50+ prefer to transition gradually into retirement

Half (49%) of UK workers over 50 years of age and earning upwards of £20k would ideally like to transition into retirement by blending work and retirement. Workers favour a phase of ‘pre-tirement’ by adjusting the amount of time they work before they give up work altogether. The appeal of this flexible or transitional approach means UK workers would change their working pattern, but continue working later in life, in a reduced capacity in paid employment. This sounds like a plausible plan given the financial backdrop of the last 10 years and likely continued uncertainty on political and economic fronts. Making such a decision (jointly or alone) is likely to have financial planning implications. You may choose a have a financial review to understand the possible implications of the decisions you are making. Read the article first and we are here if you would like to meet and discuss. London Loves Business: Half of UK workers 50+ prefer to transition gradually into retirement. Call Mark Fryer at Fryer Glass on 01276 301103 or email info@fryerglass.co.uk  

Just because you’re a Millennial is not an excuse not to be investing.

With mounting student debt, rising living costs and the struggle to save a house deposit, many millennials are shunning the investment market. The generation that reached adulthood in the thick of the financial crisis is also wary of stock markets. Those aged 18 to 24 have been deterred from investing thanks to the 2008 banking crisis, according to Gallup, a polling firm. It found that less than 40pc of the age group invest today, compared with 52pc in 2007. Understanding of pensions and other financial areas was lower among 18 to 24 year-olds than those aged 35 and over, according to figures from insurance company Aviva. But not all are so cautious. For those that do invest their money, what made them get into the markets and how did they learn their skills? Read this interesting from the Daily Telegraph. Having done so, if you would like to discuss your investment and pension options without obligation, call Mark Fryer at Fryer Glass on 01276 301103 or email info@fryerglass.co.uk

Fryer Glass Client Testimonial

"I am very impressed with Fryer Glass. They are extremely efficient without being stuffy. I had a very relaxed meeting with them and they explained everything very clearly . I have every confidence in them to manage my affairs, and would thoroughly recommend them without any hesitation". J Swallow

Times in life when it’s right to seek help from a financial adviser

There are certain stages or events in life when it is sensible to get help and support from a financial adviser. This might be because your circumstances have changed significantly, or because you have money and you're not sure what to do with it. A recent article we read on the subject interested us. We might prefer to say that anytime might be the right time for you to seek financial advice, but we don't disagree with the four identified scenarios which are:
  • Getting married / having children (arguably two separate events!).
  • Receiving an inheritance.
  • Approaching retirement.
  • Leaving a legacy.
At Fryer Glass, we are here to provide professional advice in all the above circumstances. Feel free to contact us, without obligation. Call Mark Fryer at Fryer Glass on 01276 301103 or email info@fryerglass.co.uk To read the full article, click: 'Four times in your life when it pays to get professional help.'

Millennials are paying the price of a crisis not of their making

Research has revealed that pay for workers in their 30s is still 7% below the level at which it peaked before the 2008 banking crisis. The report uses some sharp language saying that the crisis has had a “scarring” effect on their earnings. While it’s hard to argue against the facts, it’s no reason for people in their 30s to be too glum. A sensible and holistic approach to financial planning, reflecting a person’s financial goals and ‘life’ priorities leading to a resilient plan, reviewed regularly, to deliver the desired outcomes. Fryer Glass is a specialist adviser to people in their 30s. Call Mark Fryer at Fryer Glass on 01276 301103 or email info@fryerglass.co.uk https://www.bbc.co.uk/news/business-47106711  

The 30 signs that you are in a good place financially

An interesting piece of research is reported in The Independent. The 30 signs that you are in a 'good place financially.' Strong indicators include savings, being debt free and going on two holidays a year. Research was based on speaking with 2,000 adults. Interesting, one of the indicators listed was having a good knowledge of financial services products on the market e.g. Pensions, ISAs and investments. 35% of those polled think that they have a relatively good understanding of financial services products. This of course means that roughly two-thirds do not. If you have any questions about pensions, ISAs or investments or want a discussion in broad terms about financial planning feel free to contact us. Call Mark Fryer at Fryer Glass on 01276 301103 or email info@fryerglass.co.uk Click to view the full list of 30 signs that you are good financial health.

Testimonial from a married couple in their mid-30s.

"We have been very pleased with the service we received from Fryer Glass. Their review of our financial circumstances and their explanations of our options was thorough and has given us piece of mind when making important life decisions. They listened to us and considered what was important to us and how we wanted to manage our finances when making recommendations. We really felt that we received a personal service. I'd recommend Fryer Glass' services to anyone who wants a review of their financial position or is considering the financial impact of making an important decision." Mr & Mrs Sayce, aged 35 married couple Contact us today to see how Fryer Glass can help you achieve your financial goals.

Financial planning for the Under 35s – The Millennial Generation

An article in the Independent Newspaper towards the end of last year caught our eye. It was written about the financial outlook for young people (so called Millennials). The under 35s segment of the financial services sector is one that we have particular experience in here at Fryer Glass. The eye-catching newspaper headline suggested that young adults in 2018 were financially weaker than in 2008. Figures paint a 'scary picture' of millennial financial affairs the article suggests. The evidence put forward to support the headline was:
  • A fall in home ownership among 22-29 year old's
  • The percentage of 20-somethings with any savings has fallen from 37% to 27%
The article (a full version of which can be accessed below) suggested a 'strain' between a choice young people are making between saving for later life and earning enough now to be able to save in a more liquid manner. When you read the full article the actual picture is a little more complex that the headline suggests. For example, those that do have savings, have more of them now compared with those from a decade earlier. What we at Fryer Glass would suggest is, that no matter what you current financial situation is, take control of matters and don't let them drift. If your car had a problem, you would get it looked at and then consider what action to take. Financial planning is not dissimilar. In fact there are advantages to financial planning from a younger age. Why? Simply because event a small amount can work hard for you if you invest for a long period of time. If you're under 35 and would like to know about your financial planning options (without any obligation,) contact Mark Fryer at Fryer Glass on 01276 301103/07841 702991 or email info@fryerglass.co.uk Click for a full copy of the Article from the Independent newspaper.

The Value of your Pension

This is our second of four weekly posts about your personal finances, this week we will look at pensions. Pensions can be a very complicated subject. We all know they are going to be a source of income to us in retirement, but what else do we need to consider? 1.)    How much do I need to contribute to be able to retire when I want to? 2.)    How much can I afford to contribute without negatively impacting my current standard of living? 3.)    What is my current pension situation? 4.)    What are the tax benefits of pensions? 5.)    When can I gain access to my pensions? Pensions are often viewed in a negative way by consumers as they lessen the amount of money you can spend now. However, the long-term potential for growth within a pension makes them an extremely beneficial investment tool. The attached article from iNews, published in March of 2018 discusses some of the main considerations people should be aware of with their pensions. The graph half way down the article is particularly useful when demonstrating the effect of compound growth over time on your pension investments. Everyone has their own set of circumstances, at Fryer Glass we can help you understand yours, and help you maximise what your pension can do for you.   https://inews.co.uk/inews-lifestyle/money/saving-for-your-future-pay-250-a-month-from-age-25-for-a-524000-pension-pot/    

Why should you use a Financial Planner?

Over the next 4 weeks Fryer Glass will attempt to highlight some of the main issues that face professionals with their personal finances.   There are many reasons why people do not seek financial advice: 1.)   The view that it is expensive 2.)   The view that you do not have enough money to have choices 3.)   Lack of trust in the financial services sector 4.)   Apathy, or a belief that it can wait until a later date 5.)   People being protective over their private information 6.)   Life gets in the way   All of these things are understandable, but unfortunately lead to millions of people missing out on opportunities for their hard-earned money to work for them in the best way for their individual circumstances.   The attached article, published in the financial section of the Telegragh in February 2018 highlights just some of the benefits to seeking professional financial advice.      https://www.telegraph.co.uk/financial-services/investments/investment-pensions-service/value-of-financial-advice/  

Money Management Awards 2016

To demonstrate our ongoing dedication to excellence Fraser Glass, Director of Fryer Glass has recently won 2 awards at the prestigious Money Management awards dinner. As runner-up in the inheritance tax planning, and protection planning categories Fraser was invited to the annual awards in London where he was presented with the awards. Money Management is a subsidiary of the Financial Times, and as such is highly respected in the Financial Planning community. Needless to say, being recognised by Money Management is something we at Fryer Glass are extremely proud of, and should demonstrate our knowledge and professionalism.

Why Do You Need A Financial Planner? And How Do You Choose One?

Why Do You Need A Financial Planner? And How Do You Choose One?

There is no one answer to the first question. At all stages of life people are making financial decisions. Sometimes without necessarily realising they are doing so. That might be in relation to taking a job, deciding if you need any insurance, making an investment decision, contributing or not to a pension plan, being aware of tax regulations and how it concerns them, planning for retirement, etc. There are many more, too many to list here without you falling asleep pretty soon. Some people might be ‘financially savvy’. Others might be not even feel comfortable opening a bank statement.  

Financial planning – What is it?

Financial planning at its core is about clients having peace of mind. Peace of mind that you are doing the right things with your hard earned money, and that you will be able to achieve what you want both now and in the future. Like anything in life, with understanding comes an ability to make informed decisions. Giving yourself a much better chance of achieving the desired outcome.  

How do you choose a Financial Planner?

So how do you choose which financial planner to use? Recommendations from friends, family or a trusted person is one way. That in itself might not be enough, your circumstances might be very different from those making that recommendation to you. Many financial planners will offer you a free consultation, you can use this to get an idea if you feel comfortable with the adviser before you make a financial commitment. The consultation will also give you an opportunity to ask them about their experience and qualifications. At the consultation you should ask your financial planner about their charges, qualifications and experience. They should always be upfront and transparent. Do not be afraid to look around, it is your money after all.  

Independent Advice

The following link is from the independent Money Advice Service and should give you a good idea of what to look out for. The following podcast is from 2011, the main points in the podcast are as true today at they were in 2011.    

© 2016 Fryer Glass Ltd. All Rights Reserved.
Sitemap | Terms of Use | Accessibility | Privacy Policy |
Site by Liven Creative