Millions due to receive windfalls from Bradford & Bingley
If you too receive some unexpected cash, take expert advice to ensure you make the most of it, says IFA Promotion
Many people will soon benefit from a share allocation from converting Building Society, Bradford & Bingley and will opt for the cash rather than keeping hold of the shares. Instead of blowing it all on a wild Christmas or New Year, IFA Promotion, the organisation promoting the benefits of independent financial advice, recommends that those who benefit get in touch with an IFA to discuss how best to invest their new-found nest-egg.
David Elms, Marketing Director of IFA Promotion said: "For many people who benefit from windfall payments from a converting mutual, 619 will be a substantial amount of money. Of course people will want to spend some of their lucky bonus on a few luxuries, but with a little financial planning they could continue to reap the benefits over the longer term."
Elms adds: "There is a huge array of ways to invest your unexpected windfall, but whether you are looking for a little extra income, or the potential to build up a capital sum for the future, seeking professional independent advice will ensure you make maximum use of your money with the minimum of hassle."
For details of three local IFAs who can advise you on your investment opportunities or for a free copy of IFA Promotion's guide - Thinking about your investments? - call the hotline on 0117 971 1177 or click online at www.unbiased.co.uk
For further information please contact:
| David Elms Marketing Director IFA Promotion 020 7833 3131 | or | Shellie Wells/ Richard Winder/ Pippa Russell Lansons Communications 020 7490 8828 |
Notes to Editors
1. Independent Financial Adviser Promotion
Independent Financial Adviser Promotion Ltd. was established in 1989 to promote the value and accessibility of independent financial advice to the public. It represents over 9,000 registered individual independent financial advisers across the UK and is sponsored by 32 leading financial institutions. In 2000, over 130,000 people contacted IFA Promotion for details of local independent financial advisers.
IFA Promotion's central belief is:
"Consumers have a right to financial advice that is independent of the providers of financial products - i.e. independent financial advice."
Furthermore independent financial advice should be:
- Affordable. The option to take independent financial advice should be available, by right, to all - not just the wealthiest in society.
- Convenient. IFA should be available in the location of the consumer's choice, wherever they live in the UK.
- Transparent. It must be clearly transparent to consumers who is able to offer independent financial advice and who is not.
2. Independent Financial Adviser Promotion's sponsors
| Barclays Global Investors Funds BUPA Canada Life Clerical Medical Investment Group Dresdner RCM Funds (UK) Ltd. Eagle Star Family Assurance Friendly Society Ltd Friends Provident Hill Samuel Asset Management Group INVESCO Fund Managers Ltd Investec Asset Management Legal & General Mercury Asset Management National Mutual National Savings Norwich Union Life | NPI Prudential Intermediary Division Scottish Amicable Life Plc Scottish Equitable Plc Scottish Life Assurance Company Scottish Mutual Assurance Plc Scottish Provident Institution Scottish Widows plc Standard Life Assurance Company Sun Life Swiss Life (UK) plc The Skandia Group of Companies Tunbridge Wells Equitable Friendly Society UNUM Ltd Winterthur Life UK Ltd Zurich Life Assurance Company |