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Partnership

We are delighted to announce that we have changed GÆIA’s legal structure into a Partnership, and we are now known as The GÆIA Partnership. This has not meant any change in the people at GÆIA. Initially there are two partners, Brigid Benson, GÆIA’s founder, and Alistair Elliott who has worked as an adviser for 6 years at GÆIA.

The purpose of the change is to recognise contributions made by others to develop GÆIA in past and future years and it is expected that other advisers and administrators will become partners over time.

This change in no way affects the investments you have made or the way we conduct our business, but if you would like further information, please contact us. Contact GÆIA

Email Newsletter

Save time, save money, save paper! We have started issuing email newsletters, please email your current email address to office@gaeia.co.uk if you think we may not have it.

GÆIA Scotland

A major recent development at GÆIA has been the setting up of a Scottish office. We are delighted to welcome Morag Robertson as GÆIA adviser in Scotland. Morag has many years experience running her own business and after some time as an Independent Financial Adviser, she decided to join forces with GÆIA and provide advice to clients throughout Scotland. Because of her experience in business, Morag has a particular interest in working with business people.

Morag says “Running your own business can easily take over your life, and one thing that can suffer is financial planning. I sit down with people and objectively analyse their current financial situation and agree a financial plan for the future, then work with the client to implement the plan.”

Award Winning Office

We moved into our current offices in May 2001 and considerable refurbishment was necessary to transform them into a pleasant place to work and visit.

We commissioned a specialist architect, to ensure that the plans incorporated as many environmentally friendly products as possible. To reduce the need for electric lighting, sunpipes were installed in the meeting rooms and high efficiency fluorescent fittings, low energy bulbs and localised spot fittings were used through-out the office to reduce energy consumption and ensure energy efficiency. Internal and external paints and preservatives used were water based in order to minimise their toxicity and the release of volatile organic solvents. Replacement windows were made in softwood sourced from members of the WWF954 group who are committed to purchasing increasing proportions of products from sustainably managed wood-lands.

These efforts were recognised by GÆIA being awarded 2nd place in the North West Business in the Environment Awards recently.

GÆIA Services for Business

GÆIA continues to expand its services for businesses, looking after a growing number of Group Personal Pension Schemes. Read elsewhere about Morag Robertson joining us and our business seminars. For business owners, GÆIA can work with you on a review of your current financial situation. 

We can often recommend measures or policies to achieve the following:

  • Reduce Borrowing costs
  • Increase tax efficiency
  • Invest reserves efficiently and ethically
  • Keep up-to-date on legal requirements such as Stakeholder
  • Retain Good Employees by providing quality, cost-effective pensions, life assurance and health benefits.
  • Secure your business so that if a key partner, director or employee is ill or dies, your business is protected. 

Contact GÆIA

Pensions: time to catch up

URGENT – IMMEDIATE ACTION REQUIRED

Key Dates: 31st January & 5th April 2002 

Most of us pay far too little into our pensions. 

To obtain a pension worth approximately half our earnings at retirement, we need to pay 15% of pay into our pensions each year throughout our working lives. For example, if you earn £20,000 pa, this means you need to save £195 per month after tax relief, even more if you have had years of low or missed contributions.
Unfortunately most of us realise too late how much it costs to build up a decent pension fund. Up to 31 January 2002, the Inland Revenue let anyone with a personal pension or stakeholder make a lump sum payment to use up pension allowances for the past SEVEN years. People with an older form of pension policy (called a Retirement Annuity Contract or Policy) taken out before July 1988 will still be permitted to use the 7 year carry forward concession, and we can calculate how much you are allowed to contribute. Most people in company pensions are NOT allowed a similar concession, so contact us for details of other ways you can top up your pension.

Since this deadline of 31 January 2002 has passed, it is even more important for all of us to make maximum contributions each tax year. 

This still means many people can make a one off payment and obtain tax relief at their highest rate added in. For example, if you invest £10,000 the Inland Revenue will add £2,820, boosting your investment by 28% immediately.

Contact GÆIA if you would like advice on how to make the best use of the current pension and tax-planning opportunities.

Investments

The stockmarket has seen falls over the past 2 years , which has meant that many people’s investments, including ethical funds, have fallen in value. Unless you expect to need access to your money in the short term, our advice continues to be that *over 5 years the average fund, including ethical funds, have given a higher return than savings accounts.
*AUTIF Ethical Funds Information Leaflet

We therefore recommend that no action is taken over money already invested in the stockmarket and that anyone with money to invest over 5 years or more should consider investing, as the recent falls mean prices are lower and you can buy more with your money.

Recommended Ethical options: 

  1. Stocks and Shares ISA 
    Full growth potential of the stockmarket, combined with tax efficiency.
  2. With Profits Bond
    For anyone not prepared for short-term volatility, an alternative is a With Profits Bond. This is a half way house between a bank account and a fund directly linked to the stockmarket, with more growth potential than the bank and more stability than the directly linked fund. Returns are likely to be higher than the bank, but less than the directly linked fund.
  3. Corporate Bond Fund
    This fund is a low to medium risk way to invest, which is less volatile than shares and offers the prospect of a higher return than the bank/building society, particularly useful as an income fund.

Contact GÆIA

Attention: Car Owners

With the cold weather upon us and set to remain for some time, anyone with a car who does not have breakdown insurance should consider joining the Environmental Transport Association (ETA). This is the only breakdown service that gives priority to the environment and campaigns against road building. To join the ETA, call them direct on 0800 146 380, quoting source reference 5426.

Making a Difference

GÆIA continues behind the scenes to lobby and influence for a better world. Here are just a few examples:
  • Brigid has campaigned within the UK Social Investment Forum for greater promotion of ethical fund choices to consumers, to counterbalance the excellent work done on the Pension Act to encourage more institutions and large occupational pension funds to introduce ethical criteria.
  • Brigid attended in Brussels the third European Community Consultation Meeting on Corporate Social Responsibility. Again Brigid’s focus has been to encourage policymakers to place more importance on the retail, consumer market, so that consumers across Europe have access to a choice of Ethical Funds rather than their options decided by the Bancassurers.
  • Brigid has been invited to take part in a number of different Government/Industry initiated conferences and consultations on RIO+10 and Corporate & Environmental Responsibility.
  • GÆIA have sent numerous emails, cards and letters to Government & local MPs and made representations at meetings on issues judged important by us and our clients, such as Third World Debt, human rights, land mines and affordable drugs for Third World countries.

MORE GÆIA NEWS ……

GÆIA organised a number of seminars throughout 2001:
  • An open seminar featured GÆIA speakers, Norwich Union Sustainable Future team and a Friends of the Earth speaker on climate change.
  • A seminar for business owners on effective tax planning proved particularly popular, including cutting the costs of buying a property, investing company funds tax free, and how business owners can minimise their tax bills.
  • GÆIA spoke at a seminar on the implications for employers of the new stakeholder pensions.

If you would like a GÆIA speaker at an event you are organising, please call the GÆIA Head Office to check if we can help. Contact GÆIA

The Schumacher Lectures

GÆIA is sponsoring the Schumacher Lectures in Manchester on 6th April 2002.

The speaker is Vandana Shiva – Director of the Research Foundation for Science, Technology and Ecology based in Dehli and a leading figure in the world on environmental responsibility. One of her main interests is the promotion and protection of sustainable farming livelihoods worldwide.

Last year the event in Manchester sold out, so please reserve your tickets soon from Chris Lyons Tel: 01204 697411 chris.lyons@zen.co.uk.

Qualifications

  • Morag Robertson and Tony Barber have recently both passed Advanced Financial Planning exams.
  • Alistair Elliott has passed the new Mortgage Advice Qualification.
  • GÆIA is authorised to provide advice on residential, buy-to-let and commercial mortgages.
  • We also advise on Home Income Plans for clients who want to unlock some of the value, which has built up in their homes over the years.

Congratulations!

  • Tony Barber and wife Amanda celebrated the birth of their son Leo.
  • Jenny Edwards got engaged to partner John, and finally…
  • Olivia Bowen has decided it’s time to pursue a career working for Friends Provident. We wish Olivia well in the future, and look forward to keeping in touch at ethical investment events.
Early 2002

© GÆIA HOME Statutory Notice email Last updated 21 August, 2003