View more on these topics

Mums must make sure of their cover

Mothering Sunday is the one time of the year when we sit back and appreciate the important role mums play in family life.

Sentimental cards, bunches of flowers and copious amounts of tea are showered on mothers across the country as a sign of children’s appreciation for all they do.

But as the rock of family life, is the financial value of mothers appreciated? In today’s society, more often than not, mothers and fathers hold full-time jobs and rely on both incomes to make ends meet.

More women are either the main breadwinners in the household or are single parents.

Combined with the fact that more women are setting up their own businesses, it is becoming increasingly important for them to protect their income.

And it isn’t just working women who need to consider protecting their finances – the value of mothers and the jobs they do are often underestimated.

The daily household chores undertaken by stay-at-home mothers, such as childcare, taxi services, gardening, cooking and cleaning to name but a few, are services that would cost the family dear if they weren’t able to do them because of sickness or injury.

Financial protection is not just for those bringing in the income. Women should recognise their real worth and take steps to safeguard their family finances. Products such as income protection cover could provide a great solution.

Recommended

TMA and BuildLoan host seminar

The Mortgage Alliance and BuildLoan, the self-build and renovation provider are to co-host a seminar exclusively for TMA members.

Transatlantic crossing for sale of UK repossessions

America’s leading real estate auction company REDC will hold five auctions across the UK from the end of March. Some 500 UK-based homes repossessed by lenders are up for grabs.

I’ll drink to Klaus but fear the worst

Lord Adair Turner’s tone following the publication of his 122-page missive on how to save the UK banking system from a second financial Armageddon (assuming we survive the first), is reminiscent of a previous holder of his office at the Financial Service Authority.I’m thinking of former FSA chairman Sir Howard Davis who savoured the intellectual […]

The curse of long-term cash

Trevor Greetham, Head of Multi Asset at Royal London Asset Management, reveals why clients should be seriously concerned when short-term holdings of cash turn into a long-term investment. There is nothing wrong with holding wealth in the form of cash on a short-term basis. For many people capital stability is important and access to ready cash […]

Newsletter

News and expert analysis straight to your inbox

Sign up