More about the background to the Forces MoneyPlan
Following greater active engagement of our armed forces in
recent years, many members of our services have been in receipt of
substantial sums of money as a result of either payments from the
Armed Forces Compensation Scheme or Insurance based payouts.
In many cases, the amounts involved are of a level that the
veteran has never had to contemplate or manage in the past and has
placed them in a position of vulnerability, ranging from
inappropriate advice that doesn't have their best long term
interests at its centre, sub-optimal advice, through to more
blatant fraudulent activity and financial scams.
This Pro-Bono initiative has been established by The Personal
Finance Society in association with armed forces charity The On Course
Foundation* to enable injured and
recovering armed forces personnel and veterans , whether in receipt
of related compensation payments or not, to benefit from free
financial guidance from a fully qualified and regulated financial
adviser member of The Personal Finance Society.
This may or may not lead to the delivery of fee based regulatory
advice with a personal recommendation as to a course of action
and/or product transaction.
* This leading
charity helps armed forces veterans who suffer from physical and
mental injuries, by introducing them to golf and encourage them to
attend their 'Golf Skills & Employment Events'(which explores
how golf can help them on the road to recovery and how the golf
industry can provide employment such as golf course management,
green keeping, marketing etc).