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IFA rating site to offer free health checks

The founder of the consumer ratings website for advisers, Adam Price, said it is allowing users to book a free financial ‘health check’ with advisers who have signed up to the scheme during the Institute of Financial Planning’s flagship week.

VouchedFor will also provide suggested questions that people can ask during their 30-minute consultation, once they specify what type of advice they need and their stage of life.

Mr Price said the IFP’s initiative had never been more necessary given government statistics that indicate 13 million people will suffer a shortfall in their retirement income.

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He said: “Effective money management should enable you to achieve your financial goals earlier, be they retirement, planning an extension or going on a dream holiday.

The IFP is also publishing a full list of advisers who are participating in financial planning week on its website.

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Lancashire-based financial planner Sylvia Bentham is going one step further by offering a free one hour consultation for those who book during financial planning week.

The managing director of 1st Chartered FP is throwing her weight behind the initiative to emphasise the importance of “weighing up clients’ goals and dreams” rather than just selling products, said Joanne Beasley, business services manager at the firm.