Independent financial advisors are a must for any age group. The young just starting out on their career path cannot afford to waste their hard earned cash - as tempting as it may be. With today's precarious financial markets, the only way to get on the property ladder is by saving from a young age.



University can bring financial difficulties of its own and by the time young people leave university they often find themselves heavily in debt. An independent financial advisor can be enlisted to help them cope with the situation and see light at the end of the tunnel that isn't somebody bringing out another bill!

Sometimes, people are quite happy to drift along with their finances and manage to keep on top of them until the children come along. This puts a financial strain on a family that you just wouldn't believe. An independent financial advisor will assist you in good planning so you can enjoy your children without excessive financial worries.

Another group of people that can always benefit from an independent financial advisor is the newly divorced. Often with property that needs to be dealt with and cash from property sales, relations can become strained if all parties concerned do not feel like they are getting a good deal. Also, from personal experience, I know it can be a little daunting to know what to do for the best with a lump sum of money when you have so many considerations for the future of yourself and your children.

If an independent financial advisor is not used, you could end up like the generation of retired women we now have who are finding they have no choice but to go back to work to make ends meet.

According to statistics, 1.27 million pensioners are still working, many having tried retirement and finding they could not manage on the state pension, have had to return to work. Thanks to advances in medical care, older people are living longer but this puts a financial burden on their retired children who are obligated to pay for care homes.

The financial provision for retired people in the UK is the worst in the developed world which means that after working hard and paying tax for a whole life time they are still not free to enjoy their retirement.

Older people do bring wisdom and experience to the workplace and as such, Nationwide building society have recognised this fact and have raised the age that their employees retire to 75. There are now 239 female employees with this company aged 60 and over.

Perhaps, if they had used an independent financial advisor in their earlier years, this situation could have been avoided.

The employees of nationwide are fortunate in the fact that the company recognises their worth. Others, particularly in the public eye, are not so fortunate. Former female newsreaders of the BBC claim the company is guilty of ageism because once the presenter reaches a certain age, she is passed over for a younger model.

This is with the assumption that young people only want to watch programmes presented by the young but if they asked the general public they would know this is utter rubbish.

So, it would seem that the rich and famous are not above needing an independent financial advisor. It would seem that it can disappear as quickly as you can make it whatever your level of income and an independent financial advisor is always a wise route to take.