“Investing funds into the bank and living off the interest will result in using capital (savings) to meet future needs at some stage in time due to the erosion effects of inflation and taxation”.
Compensation payments and savings do not look after themselves. Clients require expert professional advice from a team of specialists, and WME has that team.
Invested funds need to grow to keep pace with the increase in living costs, medical costs & equipment, especially in the case of spinal cord injury & traumatic brain injury clients.
Click here for article published in Spinal Cord Injuries Australia (SCIA) Accord Magazine. It’s an old article about investing compensation payments, but still very relevant today.