Charlotte Richards examines the various ways advisers help their communities through offering pro bono work.
Do you carry out pro bono work?
We live in unprecedented times with countless people in dangerous amounts of debt. Good financial advice has arguably never been so important.
And with one of the criticisms of the fast-approaching Retail Distribution Review (RDR) being that the new charging system will price the less affluent out of the market, now could be the ideal time to give back to the community. But where do you start?
How to give something back
What are the benefits?
Simon Webster, managing director of Facts and Figures, and a member of the Association of Christian Financial Advisers (ACFA), says people often go to him for advice through his church.
In other cases, people will walk through the office door looking for help. Two years ago, somebody turned up at his office after a referral from the Citizens Advice Bureau (CAB).
He says: “They had a critical illness claim problem, so I wrote them a letter to send to Legal & General. They ended up getting an 85% pay-out and a £150,000 policy. Two years on, I still have the pot plant and bottle of champagne on my desk that they brought in the next day.”
Webster says it is all about ‘self-actualisation’, or realising your potential. Often, he goes the extra mile to help people who do not have enough money. He adds: “Financial services has been good to us: it’s our time to give a bit back.”
This article continues…
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20 years experience in multi-asset