Care costs exceed pension savings | RPG Crouch Chapman LLP | London
The issue of care costs is compounded by the fact that most retirees enjoy a number of years of active retirement, while still spending their pension savings, before entering care. There is also a significant gender disparity, with 23% of women approaching retirement relying solely on the state pension, compared to 9% of men. 38% used their savings to cover the costs. 25% of adults with parents in care contribute their own money towards care costs. We would encourage those individuals in and approaching ...
Invoice finance restrictions lifted | RPG Crouch Chapman LLP | London
Currently, more than 44,000 businesses use invoice financing to provide over 19 billion of funding according to the Asset Based Finance Association, the body that represents the invoice finance industry. The problem occurs due to contract clauses that are designed to prevent a supplier from sub-contracting work. These have had the effect of blocking the supplier from being able to access invoice finance arrangements. Invoice discounting - the invoice financier lends you money against your unpaid invoices.