Welcome to Adamson Financial Planning Limited
We provide financial advice to our clients on behalf of The Advice Partnership from Prudential.
Adamson Financial Planning Limited is proud to be a member of The Advice Partnership from Prudential. We’re qualified in financial planning and advise on a range of carefully selected products from Prudential and other providers.
We’re backed by the strength and credibility of Prudential, an M&G plc company, who has been providing financial security for over 170 years.
M&G plc has more than 5.5 million customers in 28 markets across the world, as at October 2019.
Richard Adamson is a fully qualified Financial Adviser with a Diploma in Financial Planning and over 20 years’ experience within financial services. As the Director of Adamson Financial Planning Limited, Richard takes great pride in offering a professional and friendly advice service to clients throughout the North of England.
After enjoying a successful career with Prudential Financial Planning, the natural progression for Richard was to start his own business, Adamson Financial Planning Limited as a member of The Advice Partnership from Prudential. Richard continues to build relationships with both existing and new clients and all with the backing and strength of the Prudential brand.
Outside of work, Richard is married to Carol and has two children, Caitlin and Abbie. His hobbies and interests include trying to keep fit, following his local football team but mainly spending time with family and friends.
Stephen Hills - June 2020
From the initial meeting that I had with Richard, I felt at ease as he explained everything in depth no matter how small or trivial. Even after everything had been completed he rang me at home several times to ask if I was ok and if I had any worries or concerns.
During the virus pandemic period I spoke to Richard on several occasions and he made me feel at ease and put everything into perspective. He was calm and reassuring and to me that means a lot.
I have recommended Richard to several of my now ex-work colleagues, and they have all said positive things about him. If you're thinking of using Richard, he is the right person.
George and Pamela Ayre - June 2020
We have dealt with Richard for a number of years now. During that time he has given us peace of mind that our finances are in good hands.
He is available whenever we need his advice and communicates with us in an easy to understand manner.
I have recommended Richard to several friends in the past who all say the same.
Jim and Margaret Johnson - June 2020
We highly recommend Richard. In our experience, no previous advisors have achieved his standard of results or performance. He has the ability due to his approach and personality, to engage with clients immediately.
He delivers a high standard of knowledge and professional advice in an organised, skillful and confident manner. He identifies appropriate routes through markets according to personal situation and funds available. He is able to explain financial language and responds to doubts with honest explanations, thereby enabling confident decisions by us.
We appointed Richard to give regular Investment progress - an invaluable decision. To date he has assisted us in creating a successful portfolio with excellent products and we wish him every success in the future.
Rob and Rose Fletcher - June 2020
Our first communication with Richard was September 2017, as we began to consider our options regarding retirement and pensions. What had previously appeared to be a minefield of puzzling possibilities, became reassuringly straightforward as he talked through the various options open to us. Investments and risk factors were clearly and calmly explained, backed up with informed relevant figures, which were always readily to hand.
From the beginning Richard has always reacted promptly to emails, texts and telephone messages, responding immediately and making himself available for face to face meetings as required. Our transition from both working to both being retired has been straightforward and worry free.
Due to Richards thorough and diligent attitude and guidance, we know our financial future is in good hands.
Our Advice Service
We all have things that are important to us. Even if it’s making sure your current standard of living lasts throughout retirement, it’s important to know where to start. We understand this isn’t always easy. And with so many options to choose from, it can often be difficult to know if you’re doing the right thing.
That’s where our advice service can help you make the most of what you have. We’re qualified in financial planning and advise on a range of carefully selected products from Prudential and other providers – this is known as a restricted advice service. We start by building a relationship with our clients, taking the time to get to know you and understand what’s important to you, so we can deliver advice that’s right for you. We’ll review your finances, understand the current plans you have in place and get a full picture of your financial situation - including what you’re looking to do in the future.
Our advice covers a range of financial areas, including retirement planning, protection, investments and estate planning. When it comes to helping you plan for your retirement, or enjoying it more if you’re already there, we can deliver advice that’s right for you.
And remember, our advice isn’t just for the wealthy. You don't need a large nest egg or lottery win to benefit from financial advice. We can help you with a variety of financial needs and make it as easy as possible for you to get the advice you need.
How we can help you
Following the radical changes to pensions announced by the government in 2015, people approaching retirement now have a much greater level of choice and options available to them. We can advise on a wide range of retirement income solutions to allow you to take advantage of this flexibility.
Prudential is one of the leading providers of retirement income in the UK and we have access to a range of their retirement income solutions. In addition, we can offer advice on conventional annuities from a number of selected annuity providers and pension transfers.
As people are generally living longer, it‘s important to ensure you plan ahead for your retirement. But when it comes to planning your retirement, it's not always easy to know what’s available to you. So if you’re approaching retirement, still have some way to go or have already retired, we can help you.
And you may have a number of pension pots you’re thinking of combining. We can help you find out if combining these is right for you.
When it comes to investing we understand that everyone has different needs and goals. Whether you’re looking to put some money away for a rainy day or simply want to make your money work harder – we can help you.
Our investment proposition offers you access to a carefully selected range of multi-asset funds. We believe a well-diversified fund is more likely to achieve consistent returns. Spreading an investment across different asset types can lead to a more consistent performance. Our multi-asset fund range means we don’t put all your eggs in one basket. We spread your money across a mixture of shares, property, bonds and cash, which helps reduce the risk of losing money.
Our funds meet a wide variety of different needs and attitudes to risk. We offer different types of:
- Passive funds – that invest in a selected range of assets classes. If you’re looking for a lower cost investment.
- Active funds – that invest in a broader range of assets. If you’re looking to benefit from spreading the risk across a fully diverse fund offering.
- Smoothed funds – If you’re looking to benefit from spreading the risk across a fully diverse fund offering and who are worried about the extreme short term peaks and troughs associated with the stock market.
Depending on your needs and goals we can recommend one or a combination of these funds.
Remember, the value of your investment can go down as well as up, so you might not get back the amount you put it.
Life doesn’t always go to plan and we can’t always know what’s round the corner. But we would all like the peace of mind of knowing that we’re prepared for the unexpected.
In the event of death or serious illness, you don’t want your family left with a possible financial burden. We can provide advice on protection cover and solutions from a number of selected providers.
Estate planning may not be something you’ve thought about, but Inheritance Tax (IHT) isn’t just for the wealthy. With property values rising, IHT is affecting more and more people.
We can give you advice on a range of trusts to help reduce the impact of IHT. We'll also guide you through the complexities of estate planning, so that you can pass on as much wealth as possible to your loved ones.
One of the most important aspects of financial planning is finding the right balance between risk and reward in your investment choice.
We’ll work with you to understand what you want from your investments. Knowing where you want to get to, and how much risk you’re comfortable taking, will enable us to recommend a fund (or funds) to suit your individual circumstances.
We have access to other organisations who can advise you on a wide range of additional services, such as legal services, mortgage services and estate administration.
These organisations have been carefully selected to complement and enhance the service we offer.
We’re qualified in financial planning and can advise on a range of carefully selected products from Prudential and other providers – this is known as a restricted advice service. It includes a range of investments and savings, pensions and flexible income (also known as Drawdown) products from Prudential; annuities and protection products from a wide range of selected providers and ISAs and OEIC (Open Ended Investment Company) funds from Standard Life and Link Financial Investments Limited.
Working with you
What to expect from our first meeting
Our first meeting is all about getting to know you, your finances and your goals so we can build a plan that works for you. Whatever stage of life you're at, and whatever your needs, we'll discuss everything with you.
We'll chat about your finances in general and review any pension plans, savings or investments you already have. And then we'll chat about where you’d like to be in five or ten years time.
We'll also discuss how much risk you’d like to take, in order to achieve your goals. By understanding this, we can strike a balance between the risk and reward you’re happy with and build a plan specifically for you.
After our first meeting
We’ll develop a tailored financial plan for you based on our discussions and your individual circumstances. We’ll then provide you with a detailed personal report which explains:
- your current financial circumstances
- a full analysis of your needs
- objectives along with our recommendations on how to meet those needs and objectives
We’ll let you know how much the advice will cost and then it’s up to you to decide what you'd like to do. If you decide you'd like to go ahead we can start putting your plan in place, taking care of all the details. But if you don’t think it’s right for you, that’s as far as we need to take it.
Getting advice doesn't have to be a one-off. If you'd prefer, we can develop a long-term relationship. This means we'll regularly review your plans to make sure they're still on track to achieving your goals, and your family's goals.
If we consider it appropriate, we'll recommend regular financial checks to help ensure your plan remains on track and to address any changes to your circumstances in the future. This is an entirely optional service that comes at a cost. We can discuss the charges with you when we meet.
The importance of ongoing advice
And sometimes changes can have an impact on your financial plans.
Some examples are:
- Changes to your personal circumstances – such as retirement or family changes.
- External changes – such as tax or legislative changes, stock market fluctuations etc.
- Changes to investment options – such as new and better products becoming available or changes to the level of risk you’re willing to take.
The initial advice we give you is based on your current circumstances, as well as any future plans you are aware of at that point in time. However, every financial plan, no matter how carefully structured, can be vulnerable to the effects of change.
By taking the optional Ongoing Advice Service we offer, we can react to changes. Then recommend adjustments to take advantage of new opportunities or try to protect you from additional risks.
Every one of us have our own individual financial concerns, goals and plans for the future. Our advice philosophy is underpinned by a belief in having a deep understanding of your unique requirements. Only through gaining a thorough understanding of what is important to you can we provide sound financial advice. We follow a rigorous advice process to ensure we provide recommendations that are tailored to your needs and requirements.
We will conduct a financial review for you. This involves gathering information and carrying out a review of your current financial situation, as well as discussing any plans for the future that may impact your finances. An important element of the meeting will be an assessment of the level of risk you are comfortable with and your capacity for loss, in order to achieve your goals.
With your consent, we can contact your current financial providers on your behalf to get a full picture of your holdings with them. Using this and all of the information we gathered from the review, we’ll develop a financial plan tailored to your specific situation and needs. We’ll then provide you with a detailed personal report which explains your current financial circumstances, a full analysis of your needs and objectives along with our recommendations on how to meet those needs and objectives.
We'll take you through your personal report, explaining the basis of our advice and recommendations. The rationale for our recommendations will be fully explained and you'll have the opportunity to ask any questions. We'd normally present our recommendations at a second meeting, however this will depend on the complexity of your requirements.
If you’re happy to proceed with the recommendations, we‘ll discuss the appropriate timescales to put everything in place and help set up the plan for you. We aim to minimise the administration and help with any forms you need to complete.
Get in touch
Privacy, Security & Legal Information
‘We’, ‘us’ and ‘our’ means Adamson Financial Planning Limited
The security of your personal information is our highest priority. As this is so important, our website uses an effective encryption system which protects your communications with us and keeps them private.
We regularly change and update our Privacy and Security Statement. Please check back frequently for any updates.
When you complete a quote request, application form or enter details on our MyPru portal your personal information is encrypted using Secure Sockets Layer (SSL) Version 3 with up to 168 bit encryption keys (depending on your web browser). This encryption stops someone else reading your personal information while it’s in transit. On the website, you will see a padlock symbol at the bottom of the screen which confirms you are in a secure area. Your personal information will also be protected on our internal systems with secure firewalls and other measures to prevent any unauthorised access.
Read more about keeping your information secure whilst online in general.
How we use your personal information
We respect your right to privacy and will process personal information you provide only in accordance with the General Data Protection Regulation (EU Regulation) 2016, the Privacy and Electronic Communications (EC Directive) Regulations 2003 and other applicable privacy laws.
Some of the Prudential websites collect personal data and you may access these. For information on how your personal data is collected and processed on these websites please review the relevant ‘Data Protection – How we use your personal information’ link, available separately on each website, to understand how your personal data could be processed, your personal data rights and how you can exercise them.
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For Prudential International Assurance customers only
Prudential International Assurance ltd, part of M&G plc, is required by Irish Revenue to report the following information for Common Reporting Standards purposes if, and when, we’re required to under Irish law. Irish Revenue may transfer this information to the government of another jurisdiction under an inter-governmental agreement;
- Reportable Individual Account Holders - name, address, jurisdiction(s) of residence, Tax Identification Number(s), date of birth, account number, account balance/surrender values
- Reportable Entity Account Holders - name, address, jurisdiction(s) of residence, Tax Identification Number (s), account number, account balance/surrender values
- Reportable Controlling Persons of Passive Non-Financial Entities (PNFE's) - name, address, jurisdiction(s) of residence, Tax Identification Number(s) of the PNFE and the name, address, jurisdiction(s) of residence, Tax Identification Number (s), date of birth of each controlling person, the account number, account balance/surrender values.
Any transfer of personal information will always be done securely.
For further information in relation to this reporting please visit: www.oecd.org or www.revenue.ie
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Please read this information carefully. By using this website, you confirm that you've understood and agree to be bound by the terms and conditions set out on this page and by our Privacy and Security Statement and our Cookie Notice. If you don't agree to these terms and conditions or our privacy and our Cookie Notice, you must not use this website. You may also want to view our Social Media Terms and Conditions.
This website and the information provided on it are for the use of permanent residents of the United Kingdom only. By using this website, you represent and warrant that you meet these requirements. If you don't meet these requirements, you should not use this website.
Information about us
Adamson Financial Planning Limited is an Appointed Representative of Prudential Financial Planning, which means that Adamson Financial Planning Limited is carrying on certain regulated activities on behalf of Prudential Financial Planning Limited (a firm that is authorised and regulated by the FCA), and that Prudential Financial Planning Limited is responsible for ensuring that Adamson Financial Planning Limited complies with FCA regulations in carrying on these activities. “The Advice Partnership from Prudential” is also a trading name of Prudential Financial Planning.
Wherever the name Prudential is used on our website this refers to one or more of the trading companies of M&G Plc that operate in the UK. For more information about M&G Plc companies, please speak to your adviser.
Prudential Financial Planning Limited is not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States or Prudential plc, an international group incorporated in the United Kingdom.
Pru.co.uk is a website operated by Prudential Distribution Limited. We're registered in Scotland under company number SC212640 and have our registered office at Craigforth, Stirling, FK9 4UE.
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We reserve the right to change any material on this website without notice.
We may update the terms and conditions set out on this page and in our Privacy and Security Statement and our Cookie Notice from time to time. By continuing to use this website after we make any such updates, you confirm that you've understood and agreed to be bound by them. You should revisit the relevant pages regularly to ensure that you've seen and are aware of the current terms and conditions and the current Privacy and Security Statement and the current Cookie Notice, as they are binding upon you.
Services on the website
We may offer a number of services on Our website for you to use at your convenience. We reserve the right to change, suspend, withdraw or suspend these services from time to time and we will endeavour to give you prior notice where possible but cannot guarantee this. We will not be liable to you if for any reason the services are unavailable at any time or for any period.
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Our liability to you
Nothing in these terms and conditions excludes or limits our liability for:
- death or personal injury as a result of our negligence; or
- fraud or fraudulent misrepresentation.
We exclude all other conditions, warranties, representations or other terms which may apply to our website or any content on it, whether express or implied.
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- use of, or inability to use, our website;
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- viruses, distributed denial-of-service attack, or other technologically harmful material that may infect your computer equipment, computer programs, data or other proprietary material due to your use of our website or to your downloading of any content on it, or on any website linked to it.
We accept no liability for the information contained on any third-party websites linked to on our website and we won't be liable for any loss or damage that may arise from your use of them.
Where our website contains links to other websites and resources provided by third parties, these links are provided for your information only. We have no control over the contents of those sites or resources, we accept no responsibility for them and you shouldn’t take our providing these links as an endorsement or guarantee by us of the websites or the information on them.
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How to complain if you're not happy about a product or service
We aim to provide excellent products and service at all times. If you feel you have cause to complain about a product or service we have provided to you, please get in touch by letter, telephone or email. One of our customer service agents will deal with your complaint and will try to provide a quick and satisfactory conclusion for you.
So that we can try to resolve your complaint, please provide us with the following information when you get in touch:
- Your full name and address (including your policy number(s) if relevant)
- Full details of your complaint
- Any information you consider to be relevant to your complaint
Please see the make a complaint page for further information about our internal complaints procedure.
Financial Ombudsman Service (FOS)
In the event that certain types of complaint you make against us remain unresolved after they've been through our internal complaints procedure, you may refer your complaint to the FOS. The FOS is an independent body that handles disputes between businesses providing financial services and their customers.
You can contact FOS at:
The Financial Ombudsman Service, Exchange Tower, London, E14 9SR, United Kingdom
Phone: 0800 0234 567 or 0300 123 9123
Please see the make a complaint page for further information about referring a complaint to the FOS.
If any part of these terms and conditions or our Privacy and Security Statement or our Cookie Notice is found to be invalid, unenforceable or unlawful by any court of competent jurisdiction, such part shall to that extent be severed from the remaining provisions all of which shall remain in full force and effect as permitted by law.
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These terms and conditions, our Privacy and Security Statement and our Cookie Notice are governed by English law and in the event of a dispute you agree that the courts of England and Wales will have non-exclusive jurisdiction.