Most of us 'financially unprepared'

The life company said that its study of 1010 adults, showed very clearly the majority of the UK population is unprepared financially should they face the trauma of a severe illness or a serious accident. In addition, half the UK population has made no plans to have their affairs in order at the time of their death. In a damning insight into typical UK household’s insurance and will provisions, the research showed that 50pc do not have a will and 74pc do not have a power of attorney. Julie Hutchinson, national development specialist – estate planning for Standard Life, said: “A wil...