Business Personal Finance

Thursday 22 March 2018

CASE STUDY: Marian Benton

MARIAN Benton has been working with financial adviser Dermot Burke of Burke Pensions and Financial Services, based in Sandyford in south Dublin, for some 15 years.

Ms Benton set up MAP Travel in Dublin city centre with her business partner, Patricia Kenny. The company specialises in providing escorted group tours to many far-flung locations and places of special interest.

They established MAP Travel in 1997 and enjoyed a highly successful first year, which gave them the confidence to start thinking about planning for their financial futures.

"Patricia knew Dermot and had dealt with him before, we kind of took Dermot on board from day one, really," said Ms Benton. "I have to say one of the things that I like about him is he's a low-key fellow, but he is very proactive."

Other advisers may be more laid-back or hands-off, "but Dermot would do much more, and has done, when things were going a bit pear-shaped here.

"He's come with opportunities, and equally he's come with things we might have been invested in and said, 'I don't like the way that's going, I hear on the grapevine, that it might be time to move out of that'. The other thing that is really important is that it's independent advice."

Although the pension investments that Mr Burke has recommended to Ms Benton rank at the lower-end of the risk spectrum, she has been very pleased with the returns.

Among them were Standard Life's with-profits fund (53pc over nearly 10 years), its Global Absolute Return Strategies Fund (8.5pc per annum) and its Corporate Bond fund (7.2pc over five years).

Another is the Caledonian with-profits pension, which "is up 60pc of what we have contributed over the past 15 years".

Ms Benton has the option to retire next year if she wants to but, whatever her decision, she fully intends to keep using Mr Burke's services.

"He has given us great advice and great service over the years."

Irish Independent

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