National Savings Many people are aware that the government offers a number of products under the National Savings scheme. These range from index-linked to guaranteed contracts or indeed premium bonds. Although rates seem relatively unattractive at times, advisers will always consider their appropriateness.
For the ultra-cautious there are cash or gilt funds available, which offer potentially slightly better returns than building societies but no real opportunity for growth, or indeed the alternative of highly speculative funds could go through the roof - or the floor. The most important factor is your own attitude to risk and an Independent Financial Adviser will help you to decide the best savings and investment strategy for your own individual situation.
“Give me the strength to change the things I can, the grace to accept the things I cannot, and a great big bag of money” - unknown author aged 13
This could be for a number of reasons, including future events for yourself or, indeed, future savings / education for your children, grandchildren, godchildren ...Once again the choices here are endless but we are certain that an adviser would talk to you about regular savings into unitised contracts as well as areas such as Friendly Societies, who offer small but tax-efficient long term savings plans.