Many of us have seen challenging and unexpected changes to our circumstances over the last few months and it’s possible that your financial plans no longer match your lifestyle and needs. Here are some points to remember to help keep you financially fit.
Even before millions of businesses took a financial hit due to coronavirus, over half of UK companies had some form of debt, owing an average of £176,000 each. Despite this, just 20% had an insurance policy in place to protect them if they were unable to pay their debts6 .