COVID-19 affects retirement plans for over three million
Posted by Rebecca Harbrow on Thursday 24th September 2020
COVID-19 affects retirement plans for over three million
Recent research shows 1 in 10 UK adults with a pension (and not yet retired) have reduced or stopped pension contributions because of Covid-19.
- 1 in 10 UK adults have reduced or stopped pension contributions
- 1 in 4 workers are worried about paying for every day essentials
- 1 in 5 workers are worried about keeping up with mortgage or rent payments
The economic fallout resulted in a drop in income for many people meaning them having to decide between their short-term financ...
Protecting You and Your Family
Posted by Rebecca Harbrow on Friday 14th August 2020
Protecting You and Your Family
Losing your partner at any stage in life can be devastating, but it may be particularly devastating when children are involved because of the financial pressures of raising a family. Ensuring your children and other dependants are provided for in case you die should be a top priority but less than a third of people in the UK have life insurance.
Keep it simple
Many products are available but a simple level-term policy, where a pre-decided lump sum is paid out should you die within a stated period, is among th...
Life insurance in trust
Posted by Rebecca Harbrow on Monday 27th July 2020
Life insurance in trust
A life insurance policy in trust is a legal arrangement that keeps a life insurance pay out separate from the valuation of your estate (property, money and possessions) after you die. Here we take a look at some main points to consider when deciding whether to write your life insurance in trust.
The logistics
A trust is a legal entity that allows you to put aside assets for your chosen beneficiary or beneficiaries. A solicitor or insurance provider can arrange to place your policy in trust. You can nominate...
