Whether it’s because you’ve received an inheritance, received a lump sum from your pension or built up a tidy nest egg by saving on a regular basis, your money should be invested wisely so that its spending power is protected for the future.
Although bank savings accounts are seen as the traditional safe haven, we have seen in recent years interest rates being reduced sharply and deposit accounts may not now even be keeping the value of your money in line with changes in Retail Price Index.
Many people recognise that to achieve better long-term protection for their money against the effects of inflation, it is often worth considering stock market related investments. These can be invested through financial products such as Individual Savings Accounts (ISA), Investment Bonds and Unit Trusts. These tend to use funds which invest directly into company shares, commercial property, Fixed Interest (known as Government or Corporate Debt) and other investment instruments, both nationally and internationally. Please note that investments do not provide the same security of capital which is afforded with a deposit account.