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Bob and Theresa are aged 40 have been married for 15 years and have 2 children at school. They generally spend all of their income and don’t have much left over at the end of each month. They have some small savings and investments but don’t really know what they are worth or where they are invested. They have an interest only mortgage and have not really given much thought as to how they will repay this which worries them and they also have some credit cards they would like to pay off but they just haven’t been able to in recent years. They each have some pension provision but do not have any idea what this will generate in terms of income in retirement. They are really keen not to be working forever as they want to travel the world. Ideally they would like to be able to retire in 20 years when they are aged 60 but they think this is unlikely as their state pension age is currently 65 and they cannot see how they can afford to retire before then.
Wow worked with Bob and Theresa to create a personal financial plan, putting them back in control of the finances and their future:
As you can see, financial planning is not about investing money or arranging products – it is primarily about creating a plan to help you be more in control of your money, and giving you the chance to focus on growing your business.