Taking out a policy for life insurance, critical illness cover (CIC) or income protection is a big decision. Not only is there a monthly cost to factor into your finances, but there is also a range of checks which are required to ensure that the protection in question meets your needs. In this article, our team here at Elmfield Financial Planning…
Should you invest your money gradually or all at once? That is the core question at the heart of the debate about “pound cost averaging” and “lump sum investing”. It might sound like a simple matter of choosing whichever suits your preferences, but the decision can have a huge impact on your returns and the long-term growth of your portfolio…
Many people are aware that it is a good idea to invest in a range of assets (e.g. cash, equities and bonds). Yet what, exactly, should the balance be not only between them – but within them. After all, there are many currencies, companies and governments which one could invest in. All of them hold different risks and potential for returns depending on the time and circumstances. In this guide…
You may have already spent years putting money aside into a pension. Yet how, exactly, do you eventually use it to generate an income in retirement? It isn’t the same as living off cash savings since pension pots are typically invested in assets such as stocks and bonds, which carry higher investment risk but also more growth potential. In 2020-21, moreover, you cannot start taking money out of your pension…
COVID-19 is now recognised by the Office of National Statistics (ONS) as the seventh leading cause of death in the UK. Thankfully, so far NHS hospitals have not been flooded in the manner widely feared at times earlier in 2020. Yet the pandemic is causing problems in other areas such as funeral services and – for the purposes of this article – probate, where families are waiting months for inheritance tax cases…
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