In this episode of JPF First Aid we speak to Karen Hagan, a financial adviser and pension transfer specialist with Four Oaks Financial Services. Karen has been a financial advisor for eight years, and has worked in the financial services industry for the last 27 years.
Financial stress can significantly impact mental health. In this podcast episode Karen shares her knowledge of the financial services industry and tips to help you take control of your finances. We talk through how financial products like pensions and protection work and how you can create a plan to take control of your finances.
Key Takeaways
Regularly look at your budget, income and outgoings. Detail and check over every element and make sure you aren’t paying for things that you don’t use or need.
There is a 61% chance of a 40 year old being unable to work for more than two months due to illness so it’s really important to have an emergency fund and the right protection in place.
Seeking support from a financial advisor can improve emotional well-being by fostering a sense of control and security over financial matters and empower individuals to make informed decisions.
Key Moments
"I've dealt with a lot of clients who, since COVID have really been impacted financially, but that's also had an impact on their mental health. I dealt with a lady who unfortunately had been made redundant during COVID And things then spiralled for her. I was able to help her by sitting down and working out with her a plan in order to pay off her debts and a plan to take her forward as well”.
"If you are looking for financial advice, you should look for somebody local to yourself who is happy to deal with you in whatever format you prefer, whether that be face to face or remotely via video calls”.
"I've done a mental health first aid course (with JPF First Aid) recently because I really thought that that would benefit, in particular my vulnerable clients who do come to me with those anxieties about money or with mental health issues that have been exacerbated, if you like, by financial problems”.
About the Guest
Karen Hagan started in financial services 24 years ago as an Administrator and became qualified as a Financial Adviser in 2016. Helping with financial planning, and specifically with advice on Pensions, Investments, Protection, Corporate Protection and Long-Term Care planning; Karen also has a specialist qualification in looking after Vulnerable Clients.
Four Oaks Financial Services: https://fouroaksfs.com/
About the Host
John Fogarty has a training background dating back to 2005, with achievements including a teaching qualification and assessor standard. He has previously worked with two first aid charities, delivering sessions in workplace and educational environments.
John has consistently received excellent feedback for his delivery and customer service, as evident in numerous reviews. He ensures learners enjoy and achieve their goals, and works with customers to select the right courses and resolves any issues promptly.
Find out more at https://jpffirstaid.co.uk/
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