Intermediary of the Year award!
We are very proud to announce that Contractor Financials has been recognised as ‘Intermediary of the Year’ at this month’s prestigious Cover Excellence Awards!
From a shortlist of ten independent financial adviser firms, Contractor Financials was chosen above all others for the outstanding level of service and advice that we offer our clients. The judges looked into our processes, reviewed case studies, looked at our specialist knowledge of our niche market and studied our company ethos and found that our team go that extra mile to deliver financial solutions tailored to the unique needs of our clients.
It was a star studded event, with Head of Operations Jacqui Hatcher collecting the award from Olympic rowing gold medallist, Garry Herbert.
Other prize winners on the night included some of the biggest providers in the industry such as Aviva and Legal and General but in a ‘David and Goliath’ struggle against the big guns we were able to bring home one of the most coveted awards of the evening.
Latest in a long list of accolades
IFA Catherine Young had liaised with the judges for this latest achievement whilst in recent years her colleague Samantha Foster has been recognised as ‘Best Newcomer’ and pension and investment specialist Richard Braid has gained praise as best intermediary by the FT in a mystery shopping exercise of advisers.
The sense of achievement in this months award has been particularly pronounced however because it applies to the whole practice rather than an individual. Having prided ourselves for many years on the work we do behind the scenes with financial product providers and mortgage lenders on behalf of the Contractor community, this industry recognition has felt especially satisfying.
Such a high profile pat on the back has also been very well received by clients and our affiliate Accountants and Umbrella companies alike.
A specialist IFA for a community of specialists
With an eye on the needs of Freelancers we recently helped an insurer design and introduce the new Relevant Life policy to the UK which has been creating a huge amount of interest amongst clients.
Since our taking the lead in rolling out this product in 2010, many insurers now thankfully offer this cover as it allows our one man ltd company Contractors the ability to tax efficiently pay for life insurance through their business. For the first time Freelancers enjoy the same terms as a large corporation death-in-service policy as premiums are offset against corporation tax, with no benefit in kind payable by the Contractor and any payout free of inheritance tax for your family.
Personally funded insurance, from post-tax income, is therefore rapidly becoming a thing of the past thanks to our efforts, saving Freelancers huge amounts of tax in the process.
In the same way we continue to work tirelessly with mortgage lenders to maintain underwriting based on a multiple of your contract rate alone and doing away with the traditional accounts and payslip based approach which so often restricts what you can borrow. Indeed we are on the threshold of offering another unique initiative on the contractor mortgages front. Watch out for next month’s Planet Contractor for details.
So, how can the Intermediary of the Year help you?
The award winning team are on hand to ensure that you have the knowledge you need to make the most of all the opportunities, whilst guarding against the pitfalls that your freelancing life may throw at you. We understand that finding the time to look through all the different contractor mortgage, protection and investment options is unrealistic when you are trying to satisfy the needs of your client and this is where our fully qualified advisers can really help.
A solution tailored to you...
As specialists, the team at Contractor Financials can help you find a solution to suit all your needs.
- Replace existing life insurance so that it is paid tax efficiently by your company
- With seasonal illness and dangerous roads a constant hazard at this time of year we have negotiated income protection based on gross contract rate rather than drawings to ensure you have peace of mind in the event of a claim
- Save tax today whilst planning for tomorrow with a specialist contractor pension
- Buy your first or next home without the lottery of approaching a lender direct by using our contract based affordability criteria