Feature in New Model Adviser’s “Top 35 Next Generation Financial Planners”

Alasdair Walker

Age: 29

Director, Hunter Aitkenhead and Walker

Prominent NextGen Planners member Alasdair Walker has been spreading the word about financial planning.

https://citywire.co.uk/new-model-adviser/news/the-top-35-next-generation-advisers-2018/a1177350?section=new-model-adviser#i=30

 

Some more on the practitioner panel (from our blog)

Alasdair has been appointed to the Personal Finance Society’s (PFS) Financial Planning Practitioner Panel for 2018/19. Aiming to help shape best practice, opinion, and PFS’s lobbying strategy, Alasdair hopes he can help to improve public access to valuable financial planning.

The panel launched just last year with the aim of encouraging the “sharing of skills, techniques and good practices” among members. Alasdair is one of three new panel members to join the esteemed cohort, which appoints members on a rolling three-year basis.

Alasdair said: “I’m really pleased to have been appointed to the panel. Anything I can do to improve access to and the quality of financial planning across the country has got to be worthwhile.”

During its inaugural year, the Financial Planning Practitioner Panel developed and shared a range of continuing professional development with members of the professional body. Among the materials have been good practice guides, client testimonial videos, case studies, articles and a live event. Alasdair will now work with the other members of the panel to build on this success and take its aims into its second year, hosting a second conference as well as best-practice workshops across the country. This appointment is pro-bono and undertaken in Alasdair’s free time.

Sharon Sutton, President of PFS and panellist, said: “I am passionate about the power financial planning has to genuinely change people’s lives. I wanted our members to have access to the vast experience of their peers in applying a range of skills and techniques to help improve the outcomes for their clients.

“This year has gone by in a flash, but I am proud of what the team has achieved and how great the feedback has been from members. Since inviting new members to be part of the panel we have been overwhelmed by the response. Whilst it does allow us to build a balanced panel, it’s a shame we can’t involve everyone at the same time.”

Alasdair will be using his expertise to help benefit the profession of financial planning, and in turn, the service delivered to clients. Having joined us in 2011, Alasdair sits on both our Board of Directors and Investment Committee, as well working closely with clients. He has expertise in pension and investment planning, both for private clients and small businesses, and is authorised to deal with Defined Benefit pension transfers.

Alasdair Walker appointed to the Financial Planning Practitioner Panel

Comments for The I Newspaper, 6th June 2018

Financial advisers generally say everyone’s circumstances are different, and that people should not feel overwhelmed by the recommended amounts.

“My first answer when people ask me how much they should save is ‘as much as you can reasonably afford’. That usually isn’t considered a solid enough answer. The rule of thumb ‘half your age as a percentage’ is a good enough starting point. Most people get employer contributions and government tax relief, which will bring this down,” says Alasdair Walker, a chartered financial planner at Hunter Aitkenhead & Walker.

 

People in their twenties should be paying £190 a month into their pension, say experts

Comments in The Independent Daily Edition, 2nd June 2018

Alasdair Walker, a chartered financial planner at Hunter Aitkenhead & Walke, says there’s no need to despair even if you’re already 35 with nothing saved, you just need to work out what has to be done.

“The good news is that a 35-year-old can start their retirement saving from £0, and still retire comfortably,” he insists.

Walker adds: “It might take a little more work but it’s definitely doable. The rule of thumb has always been whatever age you start saving, save half your age as a percentage of your annual income for the rest of your working life. A 20-year-old with amazing forward-planning would save 10 per cent, but a 40 year old would save 20 per cent. So, not an impossible task, but not painless either.

“How can we make this easier? My favourite method borrows from behavioural finance and is called ‘Save more tomorrow’. It’s easier to commit tomorrow’s budget than today’s, so start today with what you can reasonably afford, and agree (preferably with your pension provider or employer) that you will increase contributions annually for the next five years.

“That might look like 5 per cent today, and a commitment to add 2 per cent a year. Studies have shown this to be incredibly effective – in one example savings rates increased from 3.5 per cent to 13.6 per cent, with relatively little pain.”

If that still sounds painful to you then remember that it’s not all your contribution.

“The other point to remember is that the rule of thumb is ‘total savings’,” he explains. “A basic-rate taxpayer in employment can expect a minimum employer contribution to their pension of 3 per cent PA and a government top-up of 25 per cent on anything they save. The rather daunting 20 per cent target for a 40-year-old then becomes 13.6 per cent, after top-ups.”

The full article can be found here:

https://edition.independent.co.uk/editions/uk.co.independent.issue.020618/data/8377661/index.html