On Route: April Edition 2022

Risk & Retirement

Overview of trusts and the use thereof in your will

We will focus on two basic types of trusts:

Intervivos trust

The trust is established by means of a written agreement between the founder and the trustees for the benefit of the trust and the beneficiaries.

Testamentary trust

The trust is created upon your death, based on a specific stipulation in your will that a trust be set up, who the trustees will be and what powers they will have. Read more here.

Beneficiary nominations

Click here to watch a short video on the importance of a beneficiary nomination form

Wealth

Creating a legacy of financial freedom for your beneficiaries

Estate planning involves structuring and managing your assets while you are alive, and putting measures in place to ensure your wishes are carried out after you pass away. It also ensures that there are no unexpected surprises your family will have to deal with. Although it is often perceived as the final stage of financial planning, it should instead be seen as a continuous process of managing your assets and liabilities throughout your lifetime.

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Aggressive policy tightening fears, more sanctions on Russia weigh on sentiment

European shares retreated from multi-week highs on Wednesday as the West announced a coordinated response of additional sanctions on Russia, exacerbating global inflation. “The US targeted Russian banks and elites with a new package of sanctions that include (barring all Americans, irrespective of where they’re located) from investing in Russia, as well as a ban on venture capital and mergers,” Reuters reported. White House officials also said President Joe Biden was “signing an executive order that includes a prohibition on new investment into Russia,” to isolate it from the global economy further. The pan-European STOXX 600 Index shed 1.59%, tracking a global slump as concerns about a hawkish US Federal Reserve (Fed) also dampened sentiment.

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Health

Autism: An introduction to the spectrum

“Being autistic…doesn’t automatically make you a ‘human calculator’ or a ‘living Google’ – despite what some people may think.” – James McGrath, Leeds Beckett University, in The Conversation.
Around one in 160 children worldwide has an autism spectrum disorder, an Autism Research paper shows, but despite its prevalence, misconceptions are rife. Read more here.

Get creative for your own good

One of the beauties of the arts is that you don’t have to be particularly good at them to participate – or benefit. In 2019, the World Health Organization (WHO) released a review of more than 900 publications, finding evidence that the arts could “potentially impact both mental and physical health”, by “helping to prevent the onset of mental illness and age-related physical decline; supporting the treatment or management of mental illness, noncommunicable diseases and neurological disorders; and assisting in acute and end-of-life care”. Read more here.

Tips to improve health and safety at work

Each year, chronic diseases claim the lives of a staggering 12.2 million people of active working age, mainly in developing countries. Carcinogens, injuries, ergonomic hazards and other specific occupational risks form “a substantial part of the burden” of these diseases. Read more here.

How do I register my chronic conditions?

Click here to watch a short video on how to register your chronic conditions