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Your clients do not enjoy contemplating their mortality. They keep thoughts of death, critical illness and disability “back of mind” despite the serious financial implications these events have one’s self and family. How can you ensure that your clients prepare for events that have a seemingly low probability of occurring?
The goal of financial planning is to enable a lifestyle that is affordable, comfortable and worry-free, both in the run up to and during retirement. A successful planner can assist by “matching” each client’s investment portfolio with his or her life stage. Unfortunately clients do not always heed advice…
Entering retirement is fraught with challenges – yet it is a life stage we will all have to face eventually. One of the biggest dilemmas your clients face is what to do with their accumulated capital when the reach retirement age.
In November 2011 the Financial Services Board (FSB) invited insurance industry associations to comment on intermediary services and related remuneration. This is seen by many as a first step to bring risk product commission practices in line with the regulator’s Treating Customers Fairly regime.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?