Budget comment

Campbell Edgar CFPTM Chartered FCSI, the CISI’s head of financial planning responds to the Chancellor’s Budget of 8 March

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Find out more about Financial Planning Week 2017We welcome the Government’s announcement of the allocation of an extra £500m a year in funding for technical and vocational education, with new designated ‘routes’, or ‘T-Levels’ providing training routes to specific industries, including finance.

These are designed to be more relevant to employers’ needs and therefore we support this initiative as a step towards helping to encourage young people into a career in finance, helping to increase employability, particularly in the financial planning, securities, investment and wealth management job sectors.

We also welcome confirmation of the increase in the ISA investment limit and personal tax allowances. Changes like these serve to highlight the need for and importance of professional financial planning to help business owners, savers and investors make the most of these adjustments.

Financial planning is an ongoing process to assist consumers make sensible decisions about money that can help them meet their life goals. During Financial Planning Week, commencing 8 May 2017, we will be encouraging people nationwide to access an hour’s financial planning taster session for free, to help them on the road to deciding if the Chancellor’s Budget has actually helped or hindered their future life choices.

Register your interest in Financial Planning Week 2017

Published: 10 Mar 2017
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