He is now 50 and due to changing jobs many times during his working life the pension that he will receive on retirement is unlikely to be sufficient to meet the couple s outgoings. Joan has never worked and stays at home to look after the children. Before becoming Financial Advisers, many individuals and companies traded under the title of Insurance Broker. An important part of the job of a Financial Adviser is to have a knowledge of a range of protection products. Provide an analysis of a range of protection products for both individuals and also companies.
Pension schemes provide employees with a tax efficient method of providing for their retirement.
However, due to changing jobs many employees find that when they approach retirement that they have not paid sufficient contributions so as to be able to draw a reasonable sized pension. Provide an analysis of the options open to individuals to enhance their pensions.