Planning for the long term is what advice is all about but do advisers always practice what they preach? Here Stephen Dickinson looks at business succession planning in all its forms...
Advisers are well versed in talking with clients about the need to plan well ahead for later life. Making sure things are put in place for a client's retirement when it's years or even decades away is part and parcel of the job. But do advisers always practice what they preach about looking ahead to the longer term? The matter of succession planning is easy to push to the back of the mind and leave off the to-do list, especially if you have no plans to retire. The reasons for kicking it into the long grass might mirror those given by a client for not thinking about retirement. How har...
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