Family Finances Group

The former “Investment Group” has now been renamed as the “Family Finances Group”, as this name more accurately describes what we do. It meets on the third Thursday of each month except in July, August and December. The meetings, which are held in Weybourne House, commence with coffee, tea & biscuits from around 9.45am for a 10.00am start and finish around noon. At the meetings we either have an invited Guest Speaker or have an internal discussion on a nominated topic. There is a small charge for attendance to cover hire of the room, tea/coffee, etc.

For 2020 this is still £25 for the whole year but the fee for Casual Visitors is £4 per session; (Guests are not charged on their first visit).

Our Objectives

To provide Members with information at monthly meetings through invited Guest Speakers and internal discussion on a diverse range of topics, such as:

  • Money Management in Retirement including, but not limited to, the best use of ISA’s/SIPPs/VCTs/Bonds and structured products.
  • Use of Wealth Managers/IFAs/Investment platforms, etc.
  • Latest views on the UK and Global investment markets and “Hot Tips”.
  • Legal Matters ranging from Wills and IHT management to Powers of Attorney.
  • Pros and Cons of “Buy to Let” properties and downsizing considerations.
  • UK Budget Announcements.
  • Pending UK Legislation
  • Making use of modern technology to manage and optimize expenditure
    which may include such matters as:
    • Purchase of insurance products in retirement including travel, motor, home and health products.
    • Internet sources of investment information and portfolio monitoring.
    •  Use of devices such as smart phones/TVs and appliances best suited to one’s needs.
    • Protecting oneself from internet crime.
    • Purchase of utilities using websites.
    • Other internet based purchasing.
    • Retail Banking and Building Society best buys and how to find them.

Guest Speakers are invited from a range of professions including IFAs, Wealth Managers and Solicitors, together with speakers from other relevant organizations. Other meetings which are based on internal discussion between Members on a selected topic/theme will be led by a nominated “Chairman” from the Group.

It is hoped that all the members of the FFG will sense a friendly and mutually supportive atmosphere and feel encouraged to participate and share their own experiences, including their successes and any problems encountered.

Covid-19: Our 2020 programme was cut short but, thanks to the likes of Zoom, we have continued into 2021 with well supported monthly remote sessions. See “Latest News” posts for details.

Our Provisional 2020 Programme

Date Theme
Speaker Chairman
16th Jan What’s changed & how will it affect my investment strategy? Gerry Booth / Discussion Gerry Booth
20th Feb Arranging suitable Care. Grace Consulting  (Chris Cain) John Coleman
 19th March

The importance of assessing financial needs in retirement before selecting investments.

Partridge Muir & Warren – Esher

Philip Watson
 16th April Portfolio risk, asset allocation and recession protection in retirement. Alan Mansfield / Discussion Alan Mansfield
 21st May Transfer of wealth between the generations. Charles Stanley (John Devine) John Coleman
 18th June The importance of setting up Powers of Attorney early and use of Deeds of Variation to Wills to reduce tax liabilities.. Lucy Edwards (Partner) & Hannah Gearey (Snr. Associate) – Penningtons Manches Cooper. ) Philip Watson
 17th Sept Investment Outlook & Strategy. Investec  (Joe Davis) John Coleman
 15th Oct To be decided. Northwood Wealth Management Kalyan Das
 19th Nov (a) Robo-advice vs World ETF/Other strategies. David Bott David Bott)
  (b) Managing Passwords. John Coleman John Coleman