There is no denying that Corporate Social Responsibility has become more important to organisations over the last two decades than maybe it ever has before but some organisations – purely on the basis of what they offer – are intrinsically linked to the idea of ‘giving back’ and IBC is one of them.
When we ask the question, ‘why do we give back?’ the answer always starts with our clients.
We already help with the most important moments in life
As much as we recommend regular financial reviews (and we always will) it is, unfortunately, human nature for most of us to leave big financial decisions and planning only until we really need to face it. That is why most of the financial advice IBC gives is usually related to an important moment in life. Whether it is putting financial protections in place for your family after the arrival of your first child, making astute financial plans for your first mortgage, or planning your retirement funding now that pension age is actually in sight, every day at IBC is an important day for our clients.
Thinking about others’ futures is something everyone on the IBC team does all the time, so when it came to how we could help give back even further, we simply looked at what we already do every day.
Helping those who can’t help themselves
Intergenerational planning is a big part of financial planning, and you might assume this mainly refers to inheritance, but a growing trend relates specifically to how we can look after the older – not younger – generations.
The social infrastructure for looking after our elders still has a long way to go to get where it needs to be, which is why much of our advice for those generations and the family members that support those generations, focuses on how we can financially protect people in the twilight of their lives.
It is with this in mind that IBC felt one of the most important ways we could give back was in conjunction with the Celtic Foundation.
Operating dementia care projects in both Glasgow and Edinburgh (in conjunction with The Eric Liddell Centre), the Celtic Foundation is focused on improving the quality of life for those with dementia by offering social events like the Liddell Lions Lunch and the Celtic Parks Lunch Break Projects.
We see that beyond financial support, people in later life also need social support networks to help increase their quality of life and create the valuable routines we miss when we stop working.
We’ve already sponsored their annual sporting dinner and plan to do so again next year, and this is just a small window into how much we plan to get involved in the future.
Looking further than the challenges in front of us
Working with an insight to the past, present and future of the economy means the team at IBC has to keep on top of current events and world economies – to ensure we can help our clients plan with a real depth of knowledge. It also means that we have an insight into financial realities across the globe that most of us are fortunate enough to never have to think about.
To IBC, giving back means looking after more than just those closest to us, but helping those that are much further in reach – some of the most impoverished people in the world.
That’s why, in June our Founder, Ken Simpson, worked with a group of other volunteers and (through the Celtic Foundation) travelled to Zambia to help Mary’s Meals offer vulnerable children and adults life-changing help.
Mary’s Meals provides meals to the world’s poorest school children and this particular placement saw us help provide more than just meals, as we helped make essential renovations to the school.
A continued focus
A look at any of our meet the team films will tell you that one of the biggest motivators for the IBC team is the idea that our role will help others not just now but in the future so it isn’t surprising that IBC plans on continuing to offer charitable support to those that need it most.
To find out more about what charitable endeavours we’re currently up to, be sure to follow us on Facebook, Twitter, Instagram and LinkedIn – and for more advice and help closer to home, check the latest content on the Wellbeing section of the website.