Cleddau Financial Services

Cleddau Financial Services With over 100 years combined experience our team offer a holistic approach across Pensions, Investments, Mortgages and Protection.

We pride ourselves on the personal touch, with all clients receiving tailored advice to suit their circumstances.

05/09/2023

Pembrokeshire Football Magazine.
On sale at Kingsmoor Sports And Social Club Kilgetty. £5 per copy. All money raised will be used for Kilgetty AFC

Protection - How soon is Now?It’s been a while since I wrote anything – the housing market has been crazy the past few m...
08/10/2021

Protection - How soon is Now?

It’s been a while since I wrote anything – the housing market has been crazy the past few months and time has been tight – add that to family life and further exams for myself and, well, you get the picture…

I thought where else to ease myself back into this than in my favourite little niche- protection.
Throughout the covid 19 pandemic we have all seen medical and clinical stats flying around but what have they really meant? Do they affect me or is it another demographic that needs to panic?
Now we have really seen an uptake in protection following the pandemic with the public seemingly more aware not only of their health, but also the financial consequences of reduced income following furlough pay, and the real worry that businesses may not be there in the future – who thought huge stores such as Debenhams or restaurant chains like Frankie and Benny’s would be closing many of its doors?!

So, this begs the question – when should I be looking at protection? Excluding an accident, Do I even need to worry until later life? I would say the answer is sooner than most think.
There are the obvious reasons for taking out a policy sooner such as the lower premiums for young people but it’s the claims stats that really make you think.

During the first half of 2021, what was the average age of someone claiming on a policy, having needed open heart surgery? I’ll let you take a guess. Maybe 55 or 60? What about motor neurone disease – maybe 65 or 70? Or a stroke – maybe 75?
Would you be surprised to learn that the average age of a claim related to open heart surgery was 35, motor neurone disease was 45 and stroke was 50?
The general, public perception is that people who suffer critical illnesses such as these are a lot older – in their 60s, 70s or even 80s. The reality, however, is that they are often a lot younger.

The biggest area of claims remains cancer, followed by heart conditions, stroke and multiple sclerosis.
It is a well-known statistic that one in two of us will get cancer during our lives. Figures show that the average age of claimants for various cancers was typically in the late 30s, 40s and 50. Testicular cancer was 38, leukaemia was 39, ovarian and cervical cancer were both 44, lymphoma was 45, breast cancer and melanoma were 47, renal cancer was 50, bowel cancer 52, lung cancer 57 and prostate cancer 58.

It makes sobering reading, yet the good news is that many cancers are now survivable. Nevertheless, the impact on your life – your ability to work and look after your family, either financially or in terms of caregiving – remains immense. The financial strain at a difficult time cannot be underestimated.

Many providers now offer ‘upgraded’ or ‘comprehensive’ plans which will offer pay outs at a much earlier stage in the diagnosis so that you get the financial help sooner. Further options would be to look at income protection which will maintain your earnings no matter the reason you are unable to work.

All in all, there is no better time to not only look at your protection needs but do so with an adviser to ensure that all bases are covered – hindsight is a wonderful thing, but regret can be devastating.

5% DEPOSIT IS BACKAs we are sure you will have seen in the news the chancellor has announced a government support scheme...
16/03/2021

5% DEPOSIT IS BACK

As we are sure you will have seen in the news the chancellor has announced a government support scheme to allow lenders to offer 5% deposit mortgages again however we have just been informed that for a limited time we will have access to a first time buyer mortgage at 5% deposit with no connection to the scheme.

If you are a first time buyer and looking to take advantage of this please contact us ASAP as demand for this will be high!

If 2020 and the coronavirus pandemic has taught us anything, it’s to prepare for everything. Whether you have so far wea...
05/01/2021

If 2020 and the coronavirus pandemic has taught us anything, it’s to prepare for everything. Whether you have so far weathered the financial storm, and even managed to save a few pounds, or you’ve been left battered and bruised by it, the start of a new year is a good time to focus on your finances. A financial goal can be anything from getting on the property ladder, to retiring early, or to being debt free.

Whoever you are, whatever your level of engagement with money, no one wants to have to struggle financially. Of course we would all like to be a millionaire before we are 30 but for the vast majority that is not realistic - setting realistic goals is what will take you to the next level - being realistic and practical whilst still giving you a little push. Each requires a plan and for that, our team at Cleddau Financial can help.

It has been brought to our attention that SCAMMERS are targeting people researching investments online!This issue is foc...
15/12/2020

It has been brought to our attention that SCAMMERS are targeting people researching investments online!

This issue is focussing around large, well known firms where the scammers may use names of real employees, cloned webpages, cloned online portals and some professional-looking brochures to try and convince victims that they are legitimate.
It has been identified that scammers are targeting people who research investments online and register their interest on websites which look like comparison websites, or on adverts, in order to find out more about fixed rate investments.
These turn out to be lead generation websites or adverts, which then pass the victim’s details on to 3rd parties (in the UK or overseas) and do not accept any liability for what happens to the details.
The scammers then contact the victims – by phone, email and text – and claim to be from companies such as AXA and Aviva to try and trick victims into investing money into fake products (bonds, ISAs, “ISA bonds” etc.).

This is something that is being investigated by the investment companies being cloned, however WE URGE YOU TO BE EXTREMELY VIGILANT and not to engage with these people.

Using a reputable financial adviser you can be sure that your investments will be safe!

10/12/2020

I feel like we can say that 10% deposit mortgages are back. After a couple more lenders have come back to the table this week it is much safer to say get in touch if you are thinking of borrowing with a smaller deposit!

Nice little boost for me today - reaching Platinum Status on my Vitality Plan - Among other discounts this sets me up fo...
12/11/2020

Nice little boost for me today - reaching Platinum Status on my Vitality Plan - Among other discounts this sets me up for extra discounts on hotels and flights for the whole of next year (perfect to make the most of the pent up travel urges!) It also means my insurance premiums go DOWN at my policy anniversary next month!

If I can hit platinum then anyone can - i haven't even had to drop the biscuit intake!

For me insurance is primarily about the level of cover and ensuring my family are protected financially or medically (through private medical cover) should anything happen to any member of my little team at home! - the fact Vitality throw these little benefits on top makes it all the sweeter - who doesn't love a freebie!

Its easy to talk about getting insurance or having a quick look on compare the market but knowing how much cover you need or actually knowing what you are getting for your money is an absolute minefield! Everyone is different and that is why it can really help to speak to an experienced adviser who can guide you in the right direction.
It does not cost any more to go through an adviser so why do the leg work yourself and risk not getting it right?

This year should have brought home that we are not invincible - please get in touch for a free review of you protection and see if theres anything exciting that could help you!

Address

56 High Street, Neyland
Milford
SA731TF

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+441646602088

Website

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