When was the last time that you sat down and made sure your money was really working for you?
We believe that you should review your all of your savings and investments at least once a year.
Interest rates on bank deposits and savings are at an all time low and increasingly saving returns are dependent on bonus interest rates that drop away after a short period of time, typically 12 months.
Despite a recent dip in inflation, the cost of living has increased over the last 5 years and the effects of inflation are generally felt more by those who are retired rather than in work.
We see many teachers who have left their savings with their bank without seeking to improve the interest returns and not reviewed the performance of their investments, in some cases for decades.
A fund that may have been outstanding a few years ago, maybe a poor performer today.
Many older funds are expensive and may include built in trail commissions which are still being paid to the financial advisers that set up your investments, even if you have not seen them for years.
Even if you have only recently set up an investment, it is important to ensure that it remains on track and in some cases – whether it was suitable in the first instance.
As part of our portfolio review service, we will help you allocate and balance your savings and investments appropriately from short term to long term and ensure that any investments you make are in quality funds that match your risk tolerance and desire for growth, income or a mixture of both.
As Independent Financial Advisers we have no links or ties to fund houses or insurances companies and nor do we take hidden commissions – this means that you can be sure that our recommendations to you are unbiased.