Some
financial decisions are taken out of our hands. If you have a
mortgage, the lender will insist that the property is adequately
insured. If you have a business, there are legal requirements
relating to insurance.
Most
financial matters, however, leave us with choices:
some
are relatively easy - such as whether to have life assurance to
protect the family in the event of unforeseen circumstances;
other
decisions - for example about pension planning matters - are
significantly more complex.
The
benefit of good and Independent advice....
No
matter how simple or complex such decisions may appear, taking
independent financial advice will prove to be of significant benefit.
Even with apparently straightforward insurance policies, it is often
the case, that, on re-examination, more comprehensive cover can be
obtained at a lower premium cost.
The
ever-changing environment....
It
is important to recognise that we are living in a rapidly changing
financial environment. State pension benefits have been reduced, the
availability of income support on mortgage payments in the event of
sickness or redundancy has been amended, statutory sick pay has been
revised, and reduced, and the financial consequences of an elderly
member of the family needing residential or nursing care can be
substantial.
As
the 'safety net’ provided by the State is contracting, our future
financial well-being is increasingly dependent on the decisions we
take for ourselves today. How do you negotiate your path through this
minefield of products, where every provider tells you that their
product is the best ?
