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Redundency insurance
--Tony--
Posts: 1,752 Forumite
Can anyone help with this please and the legalities.
A while ago I was told my job was at risk due to a big restructure, nearly everyone was told this.
Now I have been told my job does not exist after June and they are currently looking at other roles for me.
Firstly let me say I have not been told I am being made redundant but have been told I'm at risk.
If I was to take out cover for my Mortgage would it be legal with what I know?
I also know if I was made redundant I would have a leaving date of the end of September (over 6 months).
Today I have been offered one position but its a long way and if I turn it down I may well be making myself redundant.
How do I stand, I want to protect myself but at the same time I don't want to do anything illegal.
A while ago I was told my job was at risk due to a big restructure, nearly everyone was told this.
Now I have been told my job does not exist after June and they are currently looking at other roles for me.
Firstly let me say I have not been told I am being made redundant but have been told I'm at risk.
If I was to take out cover for my Mortgage would it be legal with what I know?
I also know if I was made redundant I would have a leaving date of the end of September (over 6 months).
Today I have been offered one position but its a long way and if I turn it down I may well be making myself redundant.
How do I stand, I want to protect myself but at the same time I don't want to do anything illegal.
.
0
Comments
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Its too late.
Most ASU plans have a qualifying period anyway and if you are aware of redundancies, they will exclude you.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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