Risk Management

Proverbs 22:3 

A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.
A prudent person foresees danger and takes precautions. The simpleton goes blindly on and suffers the consequences. (NLT)

It was necessary to change my pension plan a few years ago. My original plan was taken out with my bank, and was initially linked to my mortgage. When the yearly statements arrived I found it quite shocking that the pension plan was not growing much, despite what I was paying into the plan. The bank’s answer was to suggest that I should increase my monthly contribution.

Frustrated, I contacted an old friend who used to work in life insurance. He told me that his son was a pension expert and sent him up to see me. The son arranged a transfer of my pension funds from the bank to another scheme, where he is able to micro-manage client investments. When stocks were doing badly a few years ago, he moved my investments into cash deposits so that they did not lose any value. When stocks and shares recovered, he moved my pension fund back into stocks. As a consequence my pension investment has grown, and is continuing to grow, because my friend’s son is wise enough to foresee fluctuations in the money markets, and take precautions. If I had left my pension fund invested with the bank it would be worth even less now, and I could have faced financial problems in my retirement.

God expects us to do our best to make wise choices in all areas of our lives, and He expects us to be alert to things with the potential to damage us, and our relationship with Him. If we walk with God, and if we are tuned into His voice constantly, then He will guide us. Following God, and listening for and to His voice is important. There is danger all around. Scripture warns us to ‘be alert and of sober mind. Your enemy the devil prowls around like a roaring lion looking for someone to devour’ 1 Peter 5:8 (NIV). Failure to foresee danger and take precautions always has consequences. Such consequences have the potential to extend into eternity.


About David

David is the son of Ken and father of Nick, who first introduced him to blogging. Ken is a retired Baptist Minister who continues to preach regularly, despite being in his eighties. Nick is training for full time Baptist ministry after several years serving as a youth pastor. Somehow the being a preacher thing skipped a generation with David. Although half Scottish David grew up in England and in the Channel Island of Guernsey. He served in the British Merchant Navy after leaving school, and did not attend University until he was twenty-eight years old. By this time he was married to Marilyn and father to Nick, and Nick’s brother Michael. Another son (James) was born the day before the start of David’s final University examinations. Beth and John followed a few years later. The older boys are all married, and David and Marilyn have been presented with four grandsons to date. Beth has served with British Youth for Christ (YFC) for three years as a member and then the leader of the Nomad cage football team (Google it!). She has recently taken up a new post involving a new YFC ministry (watch this space). John, who is 18, is now the only one of our children still living at home. David and Marilyn met in 1973 and have been married since 1979. Marilyn is a trained nurse, who gave up nursing to be a full time mother, grandmother, and maker of cakes for pastors, youth pastors, and any church function that needs cakes. There is a rumour that she secretly reads David’s blogs. Family and church leave little time for hobbies, but David enjoys walking and cycling, and listening to music. He also dabbles with languages and is currently learning to speak Welsh. (By way of explanation the Welsh border is 11 miles from David's home, and his water bills arrive in both English and Welsh from Dŵr Cymru.) View all posts by David

5 responses to “Risk Management

  • Kris

    I must admit, that sometimes the energy required to be prudent in things like pension plans or any type of insurance, is exhausting to me…..anything that is accompanied with a small book of “party to the first party” talk sucks up incredible amounts of time if one is going to make an informed decision. I absolutely dread when I am handed a folder filled with sheets of uninteresting, imperative read.

    I still try to be prudent….one has to be, but there is a point where I simply have to trust that the decision we made a year ago is still a good decision. It often is a tricky walk.

    I look forward to not having a dozen fine print, quarterly hand-books in glory! I also look forward to hearing more from you!

    • David

      I am sure there will be no fine print in glory! I have mixed feelings about taking out pension plans on earth, but it seemed a good illustration for this proverb. If I had believed my bank I would have been retiring very comfortably at 60, which is just four years time. As it happens any chance of retirement before my late sixties looks improbable (unless you work for a bank of course!).

  • robertjgood

    The greatest thing to avoid is the wrath of God from our sins. Although I sure could hide your new money manager. 🙂


    • robertjgood

      Sure could use your money manager.

    • David

      He is gem that’s for sure. I guess it is down to relationships. I trusted his father who sold me mortgage protection and my first life insurance policy when I was 22 years old and newly wed. I should have gone to him for my pension too instead of listening to the bank! That first policy matured a couple of years ago and provided us with income at a time when my invoices (I am self-employed) were up to six months late in getting paid. God has certainly provided and filled in many gaps in my prudence!

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