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Articles

Seeing the wood for the trees!?

I’ve been to a seminar recently where one of the delegates was complaining that all too many business people and come to that, much of the general public, say either:- My business is my pension Or My house is my pension. As soon as almost anyone mentions pensions, probably half the population glaze over and do the “I’m not listening,…

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What is Relevant Life Insurance?

Most business people are aware of keyman insurance and understand that in some circumstances the premiums can be fully allowable against tax and won’t appear on their P11D. This insurance is for the BUSINESS, not the life assured, so isn’t terribly helpful as financial planning for the people themselves. To qualify as “wholly, necessarily and exclusively”, so the premiums are…

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Business protection in a nutshell

Three things to think about: I drop dead, most of my assets are wrapped up in the company, how do my dependents carry on? My Sales Director drops dead, how do I survive until I replace him? My fellow shareholder drops dead and his wife wants me to buy her out at the last company valuation, how do I find…

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Jumping through hoops! or why does simple things take so long?

Had a very frustrating morning a little while ago dealing with an insurance provider I won’t name, as there is little point. They have a closed book, so if you are a policyholder you are stuck with them! Our new client’s husband had died and she was looking for an open market option for her dependents pension, as is her…

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Bank spreads: or why debt matters to IFAs?

Zopa, the online peer-to-peer lending company commissioned a MORI poll to see what people understood about the current banking spreads. For the initiated, the banking spread is the difference between the amount the banks pay on deposits and the amount it charges on loans, at the moment, about 1% on deposits and 12% on loans, giving a spread of 11%,…

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Still want to use a non-independent adviser for financial advice?

One of my colleagues e-mailed me a story from the trade papers, saying I had to read and blog about it. http://www.ifaonline.co.uk/ifaonline/news/2132494/rbs-adviser-sold-dying-gbp500k-annuity-received For anyone who does not want to read the original, it involves an 80 year old man with cancer, living in the Isle of Man who buys a £500,000 annuity following advice from a bank tied adviser and…

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What are you going to do if illness strikes?

Although I am a fan of income protection insurance, I appreciate that many people are not and a good number don’t see the point. Although it reads like an Aviva advertisement, the Observer article on Sunday 13th November 2011 made a number of significant points:- http://www.guardian.co.uk/money/2011/nov/12/income-protection-plan-ease-pain Most people have no idea how little they will receive if they become too…

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Dealing with some Facts of Life

At last I see some support for my usual rant about how investment projections can be really misleading. An article in the Saturday Telegraph and on their website puts the case nicely:- http://www.telegraph.co.uk/finance/personalfinance/investing/8869923/Time-to-face-investment-reality.html Projections on quotations of 4%, 6% and 9%, for low, medium and high returns only ever make sense when the underlying maths supports it and this is…

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