Protecting your finances and well-being

protecting

Millions of Britons face financial fallout should serious illness strike

It’s easy to think that we will never be diagnosed with a critical illness, particularly when we feel healthy and energetic, but we can fall ill with very little warning. A critical illness can have a serious impact not only on our life, but also on the lives of your children, spouse or partner. So it’s important to make sure that you financially protect yourself and your family. Continue reading…


Career kick-start

career

Parents feel it is their responsibility to support their children

Despite footing the bill for further education, almost a quarter (23%) of parents worry that their children’s qualifications won’t be valuable in the workplace. Continue reading…


Financially exposed

financially-exposed
Do you have a financial plan in place to help protect your home?

Taking out a mortgage is the biggest financial commitment many of us will ever make, and having a financial plan in place will help protect your home in the event that you can’t work due to illness or ill health, or even your premature death. Continue reading…


Splashing the cash

Splashing
New ‘YOLO’ generation gambling with their financial future

The prospect of saving for tomorrow may feel too distant for some, but to achieve long-term goals (including financial security in retirement) we all need to consider reprioritising our needs to give ourselves a better financial future. But, more than four in ten Britons in their 30s and 40s (45%) are stopping any future saving in favour of spending their cash, according to Scottish Widows’ tenth annual Savings Study. Continue reading…


Lack of preparation for the unexpected

Lack
A quarter of us could only afford to pay household bills for a maximum of three months

Protecting your family should underpin financial planning, and it can also be a key business tool or estate planning mechanism. But, despite this, one in five (21%) people admit their household would not be financially secure for any length of time if it lost its main income through unexpected circumstances. Continue reading…


Are you fit to retire?

fit

Getting your pension in shape to enjoy the kind of lifestyle you want in later life

‘Will I be able to afford the retirement lifestyle I want?’ is a question that many people ask but struggle to figure out. There are many ways to assess your likely income in retirement and work out how much you need to put away now to enjoy the kind of lifestyle you want in later life. Continue reading…


Surviving a critical illness

More people could face financial hardship despite medical advances

Most homebuyers purchase life assurance when they arrange a mortgage, but only a minority obtain another form of financial protection that they are five times more likely to need before they reach retirement. Although we’re four times more likely to claim on a critical illness policy than a life insurance policy before the age of 65[1], fewer than one in ten (8%) of us have critical illness insurance, and only a third (33%) have life cover, according to Scottish Widows[2]. Continue reading…


Financial resilience

financialresil

Providing a valuable safety net for you or your family should you become ill or die

If you became sick or injured, how would you meet your monthly financial commitments or even your medical bills as you recover? Protection insurance can be a valuable safety net for you or your family should you become ill or die. More than one in five (23%) Britons with savings say their savings wouldn’t last longer than a couple of months if they were unable to work, yet less than one in twenty protects their income. Continue reading…


Income protection

incomeprotection

Research highlights existing gap between awareness and prioritisation

Having a clear understanding of your protection requirements and the importance of getting the right professional financial advice are essential, and they will be of increasing significance from April when working age welfare support for mortgage interest and bereavement benefits are scheduled for reform. Continue reading…