Specialist Financial Advice for Medical Professionals

About Us

Approachable Finance Medical is a dedicated Independent  Financial Consultancy based in Cross Hills between Skipton and  Keighley. We are specialists in providing advice for Medical Professionals and Medical Practices and our key areas of specialism are: the NHS Pension, Group Locum Insurance for Medical Practices and Medical Practice General Insurance. This comes from experience of previously working with Wesleyan Medical Sickness purely servicing medical clients.

Using our specialist knowledge we are able to tailor financial solutions around what is already a very robust pension scheme and have the' know how' to understand the difference between the various schemes for medical professionals. We consider ourselves specialists in the setting-up of Group Locum schemes and have saved practices £1000's by using our independent medical insurance service.

We also work on a flexible working hours basis and provide a 'free of charge' at home service (we will undertake a financial review at your home for no extra charge). We understand that our clients are extremely busy and therefore we are available to visit clients on evenings or at weekends. Equally, customers are welcome to visit us at our offices and we will work to our clients' convenience.

Locum Insurance

We are one of the few firms in the UK to be TOTALLY independent on medical locum insurance. Most practices use ONE policy however we have agencies with all the major providers in the UK including such insurers as Towergate MIA, MIAB, MIC and Locum Plan as well as others. We are therefore able to offer quotes from the main providers in the UK to ensure that your practice is receiving the best possible cover at the best price.

For that reason we are able to review locum insurance on both a Group and Independent basis. However, we believe we are specialists in the setting-up of 'Group Locum Policies' for medical practices across the UK. These policies offer 'key person' insurance and for example, work extremely well in GP practices where Partners and Staff can be covered in the event of accident or sickness to protect what is now a self-employed business.

As we are independent we can also act as 'brokers' and search the whole of the market to find the best cover for your medical practice every 12 months and we are also able to manage  these policies (such as the adding and removing of individuals, alterations in sessions/ cover etc) on the practice's behalf, for no extra cost.

Medical Practice General Insurance

As medical insurance specialists, we also have strong ties with insurance companies with regards to medical practice insurance and are often able to find significant reductions in cost for practices across the UK.

NHS Pension Planning

We believe that specialist knowledge of the NHS pension is essential in order to financially plan for any medical professional. As one of the UK's leading experts, we work with local Primary Care Trusts in delivering seminars to NHS professionals about retirement planning and the benefits they are entitiled to during their career and at the point of retirement.

Our expertise and experience means we are able to document any relevent changes in the NHS pension and compare equally both internal and external options to boost pension on retirement. We are also aware of the differences between the three schemes for General Practioners, NHS Staff and Practioner Staff and are able to alter bespoke financial planning, as required.

Other services include lifetime allowance calculations as well as marrying occupational pensions with private pensions in order to get the most out of both at the point of retirement.

As well as working with PCT's, we are also availabe to work with people on an individual basis or attend practice or hospital meetings, as requied.

How We Are Paid

 As a firm we understand client's concerns with paying excess charges. Our remuneration system is compliant with the FSA's Retail Distribution Review. This means we are able to charge both fees and take commission from the provider or in some cases a combination of both.

In the case of Locum and Surgery Insurance in the majority of the cases we do not charge a fee to the client and take commission from the provider. However, as true IFA's, we offer both options.

There are occasions where it is advisable for the client to pay us a fee instead of us taking commission. However as each case and individual is different we explain the various options to the client on the first meeting. What we ensure is the following:

• The first meeting is ALWAYS on a 'free' and no obligation basis.
• We always try to work to the best interests of our client not ourselves.
• All charges are visible  and if clients are paying a fee we will offer 'quotes' of how much the work will be upfront.

Risk Warnings

•  Your cover will cease if you do not keep up with the premiums