The citizens of the world are having to consider risk in a whole new light as part of the experience of Covid-19. Risk is synonymous with the prospect of loss and managing risk in the context of investment is an art perfected by advisers. This function has become the most regulated aspect of advice. It is only by building headroom for losses which must be correctly anticipated that the longer-term benefits can be accrued, including allowances made for known knowns and known unknowns.
Households are benefitting from the cover accessed via Synaptic’s Webline protection portal.
Every aspect of family life has been severely disrupted by the current lockdown and recession. As concerns for financial security for households inevitably increase, it is essential for consumers and advisers to ensure the correct insurance is in place for income:
Adapting in response to adversity is the great Darwinian principle for survival, which argues that it is not the strongest or the most intelligent, nor even the most specialised that thrive in the long term, it is the most adaptable. The ability to reflect fully on the truth of this axiom is only really possible when survival has been threatened, as it has for many of us during the coronavirus pandemic, whether at the level of society, home or work.