November 15, 2017
Inspire Wealth shares best practice alongside Prime Minister Theresa May
Plymouth firm of independent wealth consultants, Inspire Wealth, appear alongside Prime Minister Theresa May and Chancellor of the Exchequer Philip Hammond in the 2016/17 Parliamentary Review.
The annual review – which looks back on the year in industry and at Westminster – aims to showcase best practice as a learning tool to the public and private sector. Across all policy areas, the Parliamentary Review is sent to over half a million leading policymakers. The articles in the document act as both a blueprint for success and a template for reform.
Inspire Wealth, based at the Royal William Yard, was invited to provide an article in the Finance Review section. The firm, owed by experienced finance expert Peter Williams, is the only one to represent Devon and Cornwall in the Finance Review. Other policy sections include manufacturing, health and education.
The Prime Minister commented that “this year’s Parliamentary Review follows a significant year in British politics” and this is reflected in the articles from best-practice representatives.
Peter, who has been in the industry for over 30 years, attended the recent launch of the Parliamentary Review at a gala evening at The Terrace Pavillion at The House of Commons: “It’s extremely prestigious for Inspire Wealth to be recognised by being invited to contribute to the Finance Review,” he said.
“Attending the event at Westminster was an interesting experience and it was good to meet other people who have also been recognised in their sectors.”
During the evening Peter was able to talk to one of the event’s key speakers, former Deputy Prime Minister, Nick Clegg. Peter revealed: “He was very funny actually. He told me ‘there’s no point in talking to me, I’ve got no money’! It was a thoroughly enjoyable occasion all round, with Champagne on the Terrace on a lovely evening.”
In his article in the Finance Review, Peter calls on the Government to look again at the blanket ban on pensions cold calling. He says the effect of the far-reaching restrictions has left many people without any expert advice and are making poor decisions about their savings and pensions as a result.
“It has always been a concern of mine that people simply do not save enough money,” he writes in the Review. “The problem stems from the fact that it is not encouraged enough. It is an area that financial advisers such as ourselves have an important role to play.”
Peter argues that while the Government is keen for people to save more, not enough is being done to ensure they make informed choices. With the bar on cold calling, savers are often making decisions simply based on an internet search.
“The Government should recognise the importance of advice, not bypass it,” said Peter. “They might need to be more proactive, to prevent people making costly mistakes.”
The Parliamentary Review was established by former Government Minister David Curry in 2010 and the autumn release is now a key fixture in the political calendar. The Prime Minister’s former cabinet colleague, Sir Eric Pickles, was recently appointed chair of the Review. He said: “It has never been more important for Government to hear the views of business and the public sector in a constructive forum. It is also a vital time to share best practice and progress.”
For Inspire Wealth, having the article in the Finance Review means they are now receiving national exposure. And the recognition comes as the company looks to double its turnover by 2024 and to increase staff numbers by 50%.
Currently, Inspire Wealth manages investments of more than £50 million on behalf of over 1,000 clients across the South West region. “We are growing all the time,” said Peter, “and the recognition from the Parliamentary Review is a further boost.”
Inspire Wealth has 200 copies of the Finance Review to distribute to clients. The document can also be downloaded from the Inspire Wealth website.
For a chat about your wealth planning, call Peter and the Inspire Wealth Team – and benefit from nationally-recognised independent expert advice.
First published in the Plymouth Magazine – November 2017