Services for Recipients of Compensation Awards

Relatively large awards resulting from a Personal Injury or Clinical Negligence action generally happen because the recipient has suffered a life changing injury. The award is likely to represent the recipient’s main source of income or capital for the rest of their lives. However, as most cases are settled on the basis of compromise, the sum awarded may fall short of the amount which is needed to fully meet the recipient’s needs.

Our Approach

We aim to provide our clients with a lifetime Financial Plan which covers:

• Short term liquidity, making sure cash is available to meet any one-off capital expenditure and regular expenses as required
• Protection of State Benefit entitlement and assistance with claiming benefits as required
• Structuring any annuity or investment portfolio to achieve a balance between the required investment return, an appropriate level of investment risk, tax and cost efficiency
• A programme of regular reviews to keep the strategy on track

It may also be very important to make best use of tax allowances and keep costs down. The investment strategy is also crucial and, although it may be necessary to accept investment risk to have any chance of achieving the returns required to assure financial security for life, it is equally important to manage risks and liquidity very carefully.

Specialist Qualifications

Our team of specialists hold all the qualifications required and a number of others which are also relevant. Those which are particularly relevant to this area of advice include:

• Chartered Financial Planner
• Certified Financial Planner
• Chartered Tax Adviser
• Member of the Society of Trust and Estate Practitioners
• Investment Management Certificate

Further information:

Our Services for Compensation Recipients team is led by Director Dave Robinson. Dave and his support team are based in our office at: Tallford House, 40 Walliscote Road, Weston Super Mare, North Somerset, BS23 1UY.

As well as being a very highly qualified Financial Planner, Dave is also the father of a son with severe learning difficulties. Dave has a very personal affinity with people who have special needs and a comprehensive knowledge of financial planning in this specialist field. He presents on the subject for various national charities and local groups who support people with Special Needs. His investment advice has, on a number of occasions, been accepted by the Court of Protection.

Dave Robinson
Director
Telephone: 01934 642222
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Louise Osborne
Consultant
Telephone: 01934 642222
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Albert Goodman Chartered Financial Planners is a trading style of Albert Goodman Financial Planning Ltd, which is authorised and regulated by the Financial Services Authority.