if there is one thing that never changes in the pensions world, it is that things will always change. While we have seen massive alterations again recently, certain long-standing facilities do become more or indeed less fashionable depending on the economic environment and none more so than now, bearing in mind the tightening of the banks’ purses to lend and the increased cost of it.

In fact, family businesses have been struggling to obtain lending for quite some time and in many cases have been forced to request lending from smaller and challenger banks, usually at a relatively high cost, especially compared to what one would expect to be paying even in times when interest rates have been increasing.