The Coronavirus is a challenge for all of us, so whilst we are in lockdown why not take time to make a financial advice enquiry, get a date fixed in the diary and make the most of a bad situation.
It is unfortunate but true that despite the best efforts of the Government many of the populous will fall into, or further into, financial hardship. You will need financial services support now more than ever before.
For some it may mean a better understanding of what a deceased partner or parent had by way of death benefits within their pension provisions.
You may need to access your pensions earlier than you anticipated in order to provide capital and or income to re-establish your foundations.
You may not be able to access the cash in your pensions and your only capital may be tied up in your home and that remortgaging to realise that capital may be the only way to pay off debt and rebuild your lifestyle.
It has been said that life assurance is the “shield against the blow that you cannot see coming”. Many of us are under insured and this may recently have become more apparent. Therefore you may wish to consider further life assurance, critical illness, permanent health insurance and income replacement plans.
It is sad, but true, that some amongst us may unfortunately die prematurely as a result of Covid19 and in so doing create legacies that will help support those that we leave behind. Legacies that need guidance upon, so that investments are made that meet the needs of those left behind but also match the attitude to risk that the benefactors may have.
Which of course leads us to those with a degree of wealth potentially having lost capital through the down-turn in the markets and those who may now feel it might be the time to invest. Suffice to say that investments strategies will change for many and advice will be needed.
Too many of us die without a Will, the struggles that we may now experience may illuminate the need to have valid Wills.
Many of us may now be on furlough or working shorter hours whilst society endeavors to deal with Coronavirus. What better time to get all the paperwork out on your pensions and life assurance and get a file together to discuss with a financial adviser to find out more about these issues.
Perhaps as you have read through this document you may have seen one or two opportunities or issues that you had not previously considered, either way what better time to give these matters your attention. Financial Advisers will be incredibly busy in the forthcoming weeks and months dealing with the aftermath of Covid19 for all the reasons set out above. Why not get help now and avoid the rush?
What better time to start and make provisional bookings for the future or arrange video meetings (using Zoom, Skype or similar) for a FREE initial consultation with a financial adviser to get the ball rolling and establish if you need their services.
For example, we asked 300 people what was the most helpful source of accurate information regarding advice about their pension. By far the most helpful was talking to an adviser in the first instance. Why not make your appointment now while you have the time?
