Date Published: 07/05/2020 11:54
The national conversation is slowly turning to what do we do post-lockdown? How do we emerge from this medical emergency? Jillian Thomas has some thoughts.
For the financial planning sector, like any other, talk is slowly turning to just what are we going to do post-lockdown.
I believe we are going to need to change focus to supporting companies and individuals with debt management, much more than with wealth management. This will include education and mentoring, not only for business owners and leaders, but employees too.
In the short-term I see our role as being the truth and stability against rumour and conjecture. There is so much myth and fake news around; we need to make sure we provide accurate information to our clients. We need to support businesses at all levels, owners and staff, as this could make a significant difference to the health and future profitability of business and the UK economy.
It’s not just pounds and pennies. We know that debt has significant impact on people’s mental health . We need to be the fourth emergency service, assisting, signposting and nudging in the right direction.
If we can help each person in a small way, together this will become a bigger movement, which will help us all emerge from this medical emergency in a healthier and wealthier manner.
I and my team have accepted our professional responsibility to be part of the post-Covid 19 financial and personal recovery, and we are aiming to work with charities and businesses to this end.
But it will require all of us to re-assess our goals and objectives, and where necessary amend our financial plans. We can survive and thrive if we plan. As you know I love planning, and it has never been so important as now.
If you need help with your financial plans contact us on 01246 435996.
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