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Losing someone or something important to you can be incredibly difficult. It destabilises your perception of reality, creates a void and triggers pain that is often extremely challenging to manage. As such, many studies have been carried out to investigate how people cope with these difficult times and develop an inner reservoir of resilience.
Financial experts, money gurus, and possibly even those closest to you, have emphasised the importance of a “rainy-day fund” for decades. But today, as we face the Covid-19 pandemic and the ensuing economic fallout, it is more important than ever to have an emergency savings fund.
It’s something no parent ever wants to think about – dying before their children are not yet old enough to take care of themselves.
What can retirement funds do to improve client-adviser engagement during members’ employment years?