First of all, redundancy is never easy. To help your staff who have been made redundant we have put together several support packages. These can be delivered to a group or individually, while still following current government coronavirus (COVID-19) guidelines. We make full use of video conferencing such as-
- Microsoft Teams
Any of the below programs can be tailored for your requirements.
Seminar to Employees
Covers basic generic financial advice for the short term.
- How to budget
- Cutting costs
- Avoiding/ managing debt
- Replacing employee benefits such as Death in Service cover
45 mins including Q&A
Surgery for Employees
To follow on from the seminar, 5 – 10-minute slots for any specific queries the clients have but the advice will be generic and not a formal recommendation. If any formal recommendations are needed, then they will be followed up by agreement between the employee and Anstee & Co with the employee to meet fees.
Detailed Financial Planning for Management
More detailed advice to include medium to long term plans:
- Cashflow planning
- Analysis of all existing pensions and investments
- Whether some of redundancy lump sum should be used to pay a pension contribution
- Best use of lump-sum over that needed to fund the short term e.g. should mortgage be paid off
- Can they afford to retire now? Age 55 and over.
If any formal recommendation such as moving existing pensions and investments around then a further fee will be payable by agreement between the employee and Anstee & Co with the employee to meet the fees.
How Anstee & Co can help you with redundancy?
As we said before, being made redundant is never easy, so for that reason, the above packages are designed to give your redundant staff the best financial advice available. As Independent Financial Advisers the financial advice and financial planning offered is unbiased. This means that we will look at all the financial options available.
Finally, Anstee & Co is authorised and regulated by the Financial Conduct Authority (FCA).