Estate planning is not just for the wealthy. It is for anyone who has any level of wealth and wishes to bequeath convenience, comfort and privacy to their loved ones instead of putting them through an agonising ordeal which might become very nasty and very public.
Years of persistently low interest rates with virtually no prospect of returns have hit security-oriented savers hard. As a result, many are questioning if they can continue to rely on life and pension insurance to finance their capital requirements in old age.
How often do businesses engage as well as reach out to the matured and elderly? As the population ages, there would be an opportunity for businesses to fill in the gap. Businesses must move towards marketing that subtly appeal to an ageing demographic.
Enforcement is not a box-ticking exercise, checking if you have done this and that and saying if you are breaching the law or not. It comes down to our society’s values where people need to have greater respect for the law.