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May 2011 - Do You Act as a Trustee
If so, you should be aware that Trustees have always been subject to a general duty to ensure that they act with the best interests of the beneficiaries in mind at all times Read more
3.8.10 - Preparing for 2012 - Nest
workplace pension schemes
income of retirees for longer with less investment.
National Employment Savings Trust (NEST) Read more
5.7.10 Start Early for Greater Rewards
The money saved between the ages of 25 and 35 could account for half of your overall amount when you reach 65. Read more
KEY PERSON COVER
Just as it is necessary to insure a business against the loss of or damage to physical assets, it is also vital to insure against the loss of a key person. This is where Key Person Cover can help by providing a lump sum in the event of the life assured developing a critical illness or in the event of their death.
The funds would be payable to the company, who in turn could utilise them to help in some of the following circumstances:
Offsetting any reduction in profits
- Prevent the business getting into financial difficulty
- Employ a replacement
- Pay off a loan or overdraft to reduce the business' liabilities
