Stay protected in 2020
Don’t overlook the importance of having the right plans in place to protect yourself, your family, your valuables and your home, in case an unexpected event should happen.
Insurance cover isn’t just about a payout when you die. It can also give you peace of mind in knowing that you would be able to cope financially if you were ill, have an accident, lose valued possessions or suffer damage to your home.
We can help you find the right cover, so you stay protected.
FAMILIES RELYING HEAVILY ON GRANDPARENTS FOR FREE CHILDCARE
For many families, childcare is a significant expense that often eats a good chunk out of their monthly income. It’s no surprise then, that many parents are turning to their own parents for help. Recent research1 shows that 85% of grandparents offer some kind of support with childcare, spending an average eight hours a week taking care of their grandchildren.
With grandparents saving families an astonishing £22 billion per year – an average of £4,027 per family, they really are worth their weight in gold!
YOU COULD LOSE THOUSANDS OF POUNDS BY NOT DOING ONE SIMPLE THING
Insurance firm Aviva has warned that pension savers could lose up to £10,000 simply by failing to update their default retirement age with their pension provider.2
This is due to a process called de-risking, whereby your pension provider moves your money from higher to lower risk funds as you approach retirement. Because higher risk funds will typically offer higher returns, you could lose out to the tune of thousands if the de-risking process is triggered early (e.g. because the default age on your pension scheme is set at 63 rather than 68).