What are joint funeral plans?

Prepaid funeral plans have gained considerable popularity as funeral costs have rocketed year on year. At a time when the cost of the average funeral in the UK has risen as much as 70% in the past decade – a rate far greater than increases in wages or the overall rate of inflation for other goods and services – the ability to pay those expenses at today’s prices, rather than at the time you die, is clearly appealing.

If a prepaid funeral plan makes good sense for you, therefore, a plan which covers both you and your spouse or partner is likely to make double good sense – that is the basis for a joint funeral plan.

Joint funeral plans in a nutshell

A joint funeral plan is made in the name of two people, rather than one, and covers the funeral costs of the first of the couple to die. The same level of funeral service is guaranteed for both of the signatories to the plan.

When you die, therefore, you may take comfort from the fact that your surviving loved one is saved the anguish of decisions about the type of funeral to arrange and – just as importantly – how it is going to be paid for.[Continue Reading…]

The lowdown on robo-investment

There is a lot of hype about robo-investing; that is to say, handing control of your savings over to a robo-advisor, who will then invest it on your behalf. On the surface, it does sound a little crazy. Why would you relinquish control of your cash in the first place, and why to a robo-machine? We intend to get behind the hype and give you the low-down, the pros and cons of robo-investing.

Robo-investing doesn’t have anything to do with robots of course. It’s just a fancy name to grab your imagination. What it really is, is a set of specially created algorithms that financial advisors use to suggest what stocks and shares etc. would make for a good investment portfolio.

It’s all in the algorithms

If you’re an internal-savvy person, you will have no doubt heard about algorithms in conjunction with Google. They use them to police online activity and grade websites. Robo investors use similar algorithms, but created for the express purpose of spotting good investment opportunities.

Robo-advisors first appeared on the scene back in 2008. Yes, that’s right – the year of the global financial meltdown. They were originally algorithms that were conceived in order to realign invested assets in target-date funds, to allow investors to have a new, online platform.

Before 2008, this type of software, or set of algorithms, was only available to financial advisors who used it to manage their investments. During 2008 however, these robo-algorithms became available for use directly by the individual investor through robo-advisors.

Today, it is businesses the likes of Black Diamond, Envestnet, and Orion, who make this software specifically for IFAs. Each IFA has its own specific concoction of algorithms.

The cons of using a traditional robo-advisor

A traditional robo-advisor is one which only offers a robo interface to its clients. Everything is fully automated, and there are plenty of reasons why many people are nervous about trusting in this sort of investment.

  • Your investment portfolio, once created cannot be changed
  • There is absolutely no human interface
  • After your application is complete, you have no influence on anything
  • You are no more than another name on a traditional robo-advisors client list

The whole concept of working with a traditional robo-advisor comes from the angle that you do not want any contact with your advisor and that you don’t want to get involved in any way with the performance of your investment. If this is you, then a traditional robo-advisor works fine.[Continue Reading…]

Some common misconceptions among the new traders

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People are amazing in nature. Once they decide that they will do something it’s really hard to change their decision. Similarly, when it comes to trading this very human nature causes huge loss to the traders. Some even consider trading as one of the … [Continue reading]

Don’t Dismiss Personal Financial Planning

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With so many daily demands pulling at your personal finances, it is sometimes hard to step back, taking-in the big picture.  Yet despite the importance of addressing immediate needs, it is nonetheless vital to account for your long-range financial … [Continue reading]

Which area of the UK is best at saving?

Check out the infographic below to find out which regions are saving most when it comes to pensions. The infographic is provided by True Potential. … [Continue reading]

Understanding Forex Trading Signals and how they work

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One thing that you need to be conscious of when you are engaged in trading on the foreign exchange market is that there are two vital components necessary from the very beginning --- a combination of a well-formulated winning equity management … [Continue reading]

Boost your income with the stock markets this year

There is no 'a more hands-off generation' than the millennials. This is a generation that fears attachments and commitments. They are always on the move, venturing into new stuff, new places, and looking for more exciting ways of achieving their … [Continue reading]

New approach of Lending via Title loans Sacramento

The recession resulted in traditional financial institutions taking a far more cautious approach to lending because of the toxic debt many of them were forced to write off as uncollectable. The main criterion that was adopted was an applicant’s … [Continue reading]

Lightning fast Emergency Loans are a reality

We live in a chaotic financial world where the support we once enjoyed just might not be there anymore. You can't sit and just expect everyone to support you and put their own financial futures in peril, right? Well, that's true. And that truth might … [Continue reading]