When Ken was made redundant from his job, he and his wife Wendy turned to N&P's Financial Advice Service for advice. Ken, 59, was working for the railways when in January last year he was told that his job was being made redundant. Realising that this would mean a significant reduction in their household income, Ken and Wendy went to see Roy Palmer, Independent Financial Adviser for N&P Immingham branch, for help in investing Ken's redundancy payout, along with some cash from a pension.
Replacing lost income
Their main aim was to replace the lost income from Ken's redundancy without risking their capital investment. Roy put together a diversified portfolio of income producing investments which had a strong performance record of creating a high level of income. These met Ken and Wendy's need of providing a monthly income.
These investments created sufficient income to cover all of the essential household bills. Ken and Wendy continue to be happy with their investments, and the income from them is still bolstering their monthly finances.
Excellent service and no jargon
Wendy, 52, said: "The service that we received from Roy was excellent. We already had savings with N&P and so when it came to investing Ken's redundancy money, we turned to N&P for advice. The main thing that impressed us was that Roy made sure everything was understandable. He explained everything clearly, he didn't use jargon and if we didn't understand something he took the time to go through it in more detail".
To find out how you could benefit from financial advice with N&P, talk to an Independent Financial Adviser today.
YOU MAY NOT GET BACK THE FULL AMOUNT OF YOUR INVESTMENT AND THE VALUE INCLUDING THE INCOME GENERATED MAY FALL.