Millennials and Money Event – 18th September 2019

Later this month, Sound Financial Management and Plymouth Junior Lawyer Division will be hosting a talk on ‘Millennials and Money’. Our advisers, Charlie Hill and Ryan May, will be covering topics such as pensions, investments and savings to help you understand how to make your money work harder for you. As millennials themselves they understand the trials and tribulations surrounding personal finances and want to help their generation buck perceptions and close the financial literacy gap.

The talk will be held at the Foot Anstey building (4 North East Quay, Sutton Harbour, Plymouth PL4 0BN) on Wednesday, 18th September 2019 (17:30PM – 19:30PM BST).
Tickets are FREE and available now at

If you have any questions please do not hesitate to contact Bianca on 01752 207070 or email

We can’t wait to see you there!

Remember: you should always seek independent financial advice from a professional in connection with making an investment decision.

Sound Financial Management Ltd is authorised and regulated by the Financial Conduct Authority.

How much do I need to retire?

There are many varying factors that make up every individual’s answer to this question. Sadly, there is no “one-size fits all” answer, and seeking financial advice might be a good idea if you’re unsure.

You will need to consider what you can afford to be putting into your pension. You should evaluate your day to day living expenses and liabilities (mortgage, loans, etc.) these could all affect your ability to increase your regular contributions. If you can’t afford to make higher contributions now it isn’t the end of the world, it might just result in having to make higher contributions when you are more financially stable. You are currently unable to draw money from your pension until the age of 55, so you will need to ensure that any money invested is not integral.

Here are a few questions you should be asking yourself when trying to manage your retirement savings:

What do you already have in your pension?

Looking at what you already have in your pension is the best place to start. Doing so will allow you to see how quickly you are currently building your pension and how it might look in the future, from there you can start to make informed decisions and realistic expectations.

What kind of lifestyle are you looking to have during your retirement?

Your desired lifestyle will increase or decrease the amount of money you should have saved in your pension. If you are looking to spend £30,000 a year, you need to ensure you can afford to.

When are you looking to retire?

If you are considering taking early retirement then you will need more money in your pension to ensure you don’t outlive your funds.

With your state pension, there are benefits to retiring after your state retirement age. Choosing to defer retirement results in your income being increased.

What is your attitude to risk?

We all know the saying “high risk, high reward” but you need to consider what would you do if you lost all your pension savings? Could you afford to live? If the answer is no, then you should re-consider the amount of risk your taking with regards to your money.

Equally, more ambitious retirement plans may require more risk to be achievable.

If after crunching the numbers your goals seem unobtainable it might be worth considering managing your expectations and if all of this still seems confusing it might be worth seeking financial advice.

If you would like to talk to someone about your pension or receiving more information on how we could help you with your pension, please contact Sound Financial Management via telephone (01752 207070) or via email (

Unity Through Netball

This season we are proud to be sponsoring Unity Through Netball!

Unity Through Netball is a non-profit organisation that want’s to raise lots of money for different charities and help the physical and mental well being of everyone involved, inspired by the game we love.

UTN kicked off there first session of the season Wednesday night, the girls did great and will be entering division 6 of West Devon this season. We are excited to support and watch the development of this team.

Good luck girls!

Work Experience with Sound Financial: Jacques Hubbarde

At Sound Financial Management we are constantly striving to encourage interest within the financial services sector, especially when it comes to the future of our industry. Encouraging young enthusiastic talent into our industry is important to us and the city of Plymouth.

Our graduate scheme has provided a gateway for those leaving university wishing to develop a career within the research & advisory sectors.

The business administration apprenticeship scheme has also provided school leavers the opportunity to qualify and progress within our support teams. Our first apprentice completed their NVQ  in 2010 and we have seen many of them flourish and progress their careers with us.

Jacques Hubbarde, a GCSE student from Hele’s Secondary School recently join us for his work experience. Jacques spent the week assisting our research team, developing an insight into our industry. Jacques’s ability to grasp many of the key aspects of the financial services industry was most impressive and we hope his experience will assist his business studies at school.

When questioned about his time with us, Jacques said “My placement has confirmed my future aspirations towards a career in the financial sector”.

We are pleased we have inspired him to consider the financial services industry as a career and wish him every success in the future.


GA Golf Day 2018

Last week our director, Paul Meatyard, was invited to compete in the charity golf day held by GA Solicitors at St Mellion.

The team, made up of Mark Slade (Bruton Knowles), James Walsh (GA Solicitors), Paul Meatyard (Sound Financial Management) and Kieran Hancock (Francis Clark), enjoyed the award winning course whilst raising money for Little Things & Co. Little Things & Co. are a UK based charity offering practical and emotional support to those who have suffered the loss of a baby.

Thank you, GA for inviting us to be involved.