Savings & Investments
For savings and investment advice, leave your details and get a free, no obligation telephone consultation with the highest rated Independent Financial Advisor.
If you have money to spare, you will want to consider saving (to earn interest without risk) or investing (the potential for your money to grow more but without guaranteed returns). Independent Financial Advisors (IFA) specialising in savings and investments advice will work with you to ascertain your personal circumstances and requirements to advise you on the best products for you. The Financial Advisor Bureau can put you in touch with only the highest rated IFA in your area with proven expertise in advising on savings and investments.
They have achieved the highest consumer and industry ratings for the integrity and quality of their service and will provide free, impartial and no obligation advice so you can make informed judgments about your saving and investment options.
An IFA specialising in savings and investment advice can give you impartial advice on a range of issues including the following:
Bank and Building Society Accounts
A safe secure way to hold your money to be sure to get back what you have paid in plus interest. Factors to consider are the rate of interest you will get paid and how quickly you can access your money.
National Savings and Investments
National Savings and Investments (NS&I) are products backed by the government meaning that money you invest will be totally secure. NS&I products include premium bonds, guaranteed income bonds and investment accounts.
Individual Savings Account (ISA)
ISAs can be made up of cash or long term investments like stocks and shares and you don’t pay tax on interest or dividends from an ISA. There are however limits on how much you can pay into an ISA – currently £11,280 in the current tax year.
Junior ISAs are also available for children up to the age of 18 with a limit of £3,600 in each tax year.
Investing in funds is often recommended by experts as it allows investors to pool their funds to be able to access a range of investments.
These are typically unit trusts or open-ended investment companies (OEICs) which are funds where investors money is pooled together to invest in bonds, shares or other funds. These funds will be managed and the investment will be in a variety of companies thus spreading the risk.
Investment trusts are riskier than investment funds with the potential of higher returns. An investment trust is a company that sells its shares to investors to raise money which is then pooled to buy a range of shares and assets. It will depend on your appetite for risk and reward as to which investment trust suits you as trusts will have different aims and different mixes of investments in them.
Active or Passive Funds
Around 75% of investment funds are actively managed by fund managers. The aim of the fund manager is to beat the market to make better than average growth for the investment.
Passive funds will track the market so that if the index goes up so will the value of the fund. For instance, a fund that tracks the FTSE 100 index will deliver the same return as that market. Passive funds are cheaper as they require less management.
There are thousands of funds to choose from and of course different funds take different levels of risk. An experienced IFA will ascertain your financial situation and your investment objectives to provide you with options that best suit you and your risk appetite.
All the IFAs recommended by us are authorised and regulated by the Financial Conduct Authority (FCA) which means that they are qualified to give unbiased, independent and professional advice. They will be the highest rated advisors in your area dealing with savings and investment advice and will give you a free telephone consultation and advice on the whole market. For instance, you may wish to obtain free advice about the following:
- Given my circumstances, should I consider saving or investing my money?
- What is the safest, lowest risk place to deposit funds?
- What are my options for investing in funds offering some risk and reward?
- Are actively managed funds worth the fees they charge?
- Are there funds I can invest in and still have access to by money?
- What are the pitfalls of managing my own funds?
- An IFA can answer these and all your queries about savings and investments to help you get the best deals.