One of the great risks of a business partnership is that one of the partners may die or suffer a specified critical illness, with his or her share of the business passing to their beneficiaries. The safety net is a pre-arranged scheme to ensure the surviving partners have enough funds to buy out the departed partner's interest in the business.
A Relevant Life Plan is a death-in-service benefit taken out by a company on behalf of an employee.
In the interests of financial security, business stability, and continuity - particularly for private limited companies where there may only be a small number of principal shareholders - it is important to provide a safety net following the loss of a shareholder
UK News
While UK inflation held steady in August, the pace of price rises for food surged, increasing cost of living pressures.
Staff are being laid off with "reduced or zero pay" following a cyber attack, which has forced the carmaker to shut down, Unite union claims.
Jensen Huang said the US needs "to make sure that that people can access this technology from all over the world".
Microsoft, Google and Nvidia have announced investments as part of a £31bn UK-US "Tech Prosperity Deal".
The Federal Reserve makes its first cut to interest rates since 2024, and signals more to come.