Savings and Investments Advice

You will find that it is important to get advice on any savings or investments that you are going to obtain. There are many pitfalls to investing and even a few things to know about savings that are not always out there for you to see. You will find that you should check with your advisor to make sure they are authorised by the Financial Services Authority as is any of the investments and savings you are interested in making. The Financial Services Authority is a regulator of the different banks and investment companies to make sure you are guaranteed to receive your investment back.

Here is what you should know regarding the difference between information you are reading and advice being given. You will find that anyone advising you on investments or selling same must be authorized to do so. You will also find that some places offer advice while others are just offering information regarding the services that they have. It is important that you have advice in order to purchase the products with a more sound idea of what you are getting into. You don’t want to discover that you are in an unsuitable investment for your income or that the risk is too high for you. Lastly you also want to make sure you are with the FSA regulated individuals because FSA doesn’t regulate the sale of savings products, but a financial advisor can steer you towards certain savings products that will help you gain in investments.

There are certain things you should know about getting advice on investments and how they have a potential to earn you more income. First investments do grow, but at what rate is undetermined. Advice is usually given for the projections of the growth. In other words they have analyzed the reports, and the company to determine if the company will be successful in growing or have a more stagnant year. You are also not guaranteed that the investments are going to grow. You could find the value falls and you have just lost your entire savings plan. If you speak with an advisor prior to investing you can choose between the risk you are investing in as well as find out what they are thinking will happen in the market. Advisors are paid to know the good stocks and to help you stay away from obvious pitfalls.

Financial advisors that are authorised by the FSA will usually be able to give advice on pensions, life insurance, general investments, and mortgages. This can actually help you to have a stronger financial base. Financial advisors have protocols that they must follow such as asking details about your financial situation and needs, explaining what products they recommend for you, and they must outline in clear information the costs of investing and their fees.

You may also want to compare the products and services available with the financial advisor. According to the FSA they should compare these differences to help you in making a better decision.

Back To Financial News January 2008

Purchasing with Credit Cards
Traps with Credit Cards
Understanding Credit Scoring
What Is A Credit Reference Agency
Testing Your Debt
10 Ways To Save Money
Benefits of Savings
How To Save of Invest Your Money
Individual Savings Accounts
Sainsbury’s Bank Internet Savings Account
Product Types For Savings
Saving with Child Trust Funds
Savings and Investments Advice
Trouble Ahead with Free Banking
Warning: Savings Rate Change