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Tuesday, 20 January 2015 10:15
Financial Planning for footballers as firm signs deal with ex-player
With the January transfer window open for football clubs across England, a Financial Planning firm has tied up its own deal with an ex-Premier League player.
Towry has formed a new partnership with Professional Player magazine, set up by former Tottenham Hotspur winger Matthew Etherington and his father Peter.
The midfielder, whose clubs included Stoke City and Peterborough United, is teaming up with Towry Financial Planners – including Peter Cormack, himself a former professional footballer.
He will be working with footballers to create and implement lifetime financial plans as part of the agreement.
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Mr Cormack, Financial Planner and wealth manager, said: "Many professional footballers have the potential to earn a lot of money during their playing career, and it is therefore vitally important to ensure they have something to show for it when they stop playing.
"In certain situations some retired footballers may go as long as 20 years before being able to access their pension funds, and may need the money they made as a footballer to last them over this lengthy period.
"At Towry our aim is to assess how clients should spend their wealth over the course of their lifetime, taking earnings, investments and all outgoings into account. We see the partnership with Professional Player as a fantastic fit and look forward to supporting their readers."
Peter Etherington, chief executive of Professional Player, which was established in 2012, said he was confident the deal will provide a "fantastic Financial Planning service" for readers.
He said: "We are thrilled this partnership has been formed and hope that many of our readers will take the opportunity to review their own lifetime Financial Plans with a Towry adviser."
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Follow us on Twitter and get frequent news alerts @FPM_online.
Or follow Editor Kevin O'Donnell - @FPM_Kevin or staff writer James Nadal - @FPM_James.
For the latest Sipp, SSAS and retirement news visit our sister news site www.sippsprofessional.co.uk and on Twitter @SippsPro.
Towry has formed a new partnership with Professional Player magazine, set up by former Tottenham Hotspur winger Matthew Etherington and his father Peter.
The midfielder, whose clubs included Stoke City and Peterborough United, is teaming up with Towry Financial Planners – including Peter Cormack, himself a former professional footballer.
He will be working with footballers to create and implement lifetime financial plans as part of the agreement.
{desktop}{/desktop}{mobile}{/mobile}
Mr Cormack, Financial Planner and wealth manager, said: "Many professional footballers have the potential to earn a lot of money during their playing career, and it is therefore vitally important to ensure they have something to show for it when they stop playing.
"In certain situations some retired footballers may go as long as 20 years before being able to access their pension funds, and may need the money they made as a footballer to last them over this lengthy period.
"At Towry our aim is to assess how clients should spend their wealth over the course of their lifetime, taking earnings, investments and all outgoings into account. We see the partnership with Professional Player as a fantastic fit and look forward to supporting their readers."
Peter Etherington, chief executive of Professional Player, which was established in 2012, said he was confident the deal will provide a "fantastic Financial Planning service" for readers.
He said: "We are thrilled this partnership has been formed and hope that many of our readers will take the opportunity to review their own lifetime Financial Plans with a Towry adviser."
Get FREE daily news summaries direct to your inbox. Sign up on the homepage now.
Follow us on Twitter and get frequent news alerts @FPM_online.
Or follow Editor Kevin O'Donnell - @FPM_Kevin or staff writer James Nadal - @FPM_James.
For the latest Sipp, SSAS and retirement news visit our sister news site www.sippsprofessional.co.uk and on Twitter @SippsPro.
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