Now for the real work!

The night of 07 May 2015 was a long one. Waiting for the results of a General Election can be a fascinating time, with a few high profile MPs and candidates falling at the declarations across the UK. As the morning of 08 May broke, the clear outcome of the General Election was a surprise to many, especially the various pre-Poll providers whose predictions were well wide of the final result.

With the press suggesting it was neck and neck to the wire, many, including me, were surprised by the initial exit poll which provided a clear outcome. As the investigations begin as to how the real result was not closely hinted at, many are questioning the motives behind the voting pattern, with thoughts of loyalty to a political party, desire for the economy to stay on track and, conversely fear of an alternative route. Fear, along with other basic emotions, such as love and greed are powerful motives.

With the dust settling and the new cabinet posts being allocated as I type this blog, the real work for the new Government begins. I wish them every success, as it is clear the majority of the UK does, in moving the country forward.

With this in mind, what does this change mean to you, if anything at all? Will it make a change to the way you work or manage your money and financial planning? Some issues are not affected by who governs the country, such as the population naturally living longer. More time to work, possibly, but also more time in retirement. Indeed, the new 'pensions freedoms' which were a legislative change, may help manage this issue. Longer working may give more time to save, but it might also mean that as a bread-winner, you may need to protect the family for longer.

Whatever your individual circumstances, and we are all individuals, now may well be a good time as we head towards the summer to take stock of your financial planning, to review this and to make changes to meet with your plans, whether they have been changed by the General Election results or not.

The team at Chapters Financial can help you with your financial planning and any review that may well now be due. Talk to us at our Guildford or Woking offices or contact us, via our link here

Because each person is an individual, no individual advice is provided during the course of this blog.

Keith Churchouse FPFS
Director
Chartered Financial Planner
Certified Financial Planner
ISO22222 Personal Financial Planner 

Chapters Financial Limited is authorised and regulated by the Financial Conduct Authority, number 402899.

Business Risks Protection

The team at Chapters Financial Limited is proud to offer service and advice to the directors and staff of Small to Medium Enterprises (SME's) across Surrey, Kent and the south east region.

In specialising in business planning, including pension, protection and investment planning, Chapters Financial Limited receives requests from companies and enquirers for information on suitable cover for professional risks. This subject is a specialist area requiring bespoke solutions to the company’s needs and individual objectives.

To offer help in this area, we feel greater value can be secured by referring these enquirers to the specialist team at MacQueen International, based in Guildford, who serve business owners and managers in providing protection for business risks. They offer independent advice, like us, and have the following pedigree:

• Member of the British Insurance Brokers Association;
• Authorised and Regulated by the Financial Conduct Authority
• Based in Guildford, Surrey, UK
  
• Offering a wide range of commercial insurances including a Specialists Division in the provision and management of Professional Indemnity insurance
  Established in 1986
• Brokers to the Chartered Institute of Logistics and Transport in the UK
  
• Martin Macqueen, Director at MacQueen International Insurance Brokers Limited notes:

Through our two operating Divisions, Corporate and Professional, we offer a personal service from the initial meeting to assess the risks associated with your business through to extensive marketing in the London companies and Lloyd’s market to secure best terms tailored to your specific needs, to hands on claims management, including negotiation with underwriter’s appointed loss adjuster, solicitor or other claims handler to ensure that the policy you purchased works for you, to protect your assets and your company’s reputation.

Like Chapters Financial Limited, we place a high value on the quality of service provided to our clients and we are recognised within the professional market as a competitive and resourceful broker in the management of our clients’ insurance programmes.

We are delighted to be associated with Chapters Financial Limited.

When discussing the products available, Martin has provided a few examples for information below:

Typically Directors and Officers policies are divided into two parts:

• Directors & Officers Liability Coverage: The insurance company will pay the loss of individual Directors and Officers when the company cannot indemnify the individuals
• Corporate Reimbursement Coverage: The insurance company will pay the loss of the company when it has provided indemnity to the individual Directors and / or Managers

However coverage can be extended to include:

• Full Employment Practices Liability – covers the company (as opposed to the individual Directors/Managers) legal liability arising from a wrongful employment act including unfair dismissal, race, sex, age and disability discrimination.
• Corporate Liability (entity coverage) includes coverage for the company (as opposed to the Individual Directors / Managers) where an action is brought in the name of the company as well as its Directors and Officers.

The cost of coverage is not expensive for the essential protection it provides the individual Director and Officer of the Company and should form part of your essential insurance portfolio.

For information, MacQueen International Insurance Brokers Limited is the appointed broker to members of the Chartered Institute of Logistics and Transport in the UK for the provision of professional indemnity and directors and officers insurance.

No individual advice has been provided during the course of this blog. If you require bespoke advice on your pension, protection and investment planning, then please speak to the team at Chapters Financial Limited on 01483 578800.

For advice on professional risks protection, please contact Martin MacQueen on 01483 306771 or martin@macqueeninternational.co.uk

Keith Churchouse FPFS
Director,
ISO22222 Personal Financial Planner

Chapters Financial Limited Chapters Financial Limited is not responsible for the advice or service provided by MacQueen International Insurance Brokers Limited.

Chapters Financial Limited is authorised and regulated by the Financial Conduct Authority, number 402899.

MacQueen International Insurance Brokers Limited is authorised and regulated by the Financial Conduct Authority, number 310867.