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 late eighties. Nick is also a Baptist Minister (newly accredited). 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 six grandsons and two grand-daughters to date. Beth served with British Youth for Christ (YFC) for four years, two as a member and then a year as the leader of the Nomad cage football team. She then spent a year with a new YFC ministry known as The Cube, before leaving YFC to join the Youth and Children's Team at Belfrey church in York, where she is also working part-time in a computer store. John, who is 20, 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

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