Savings & Investments
Getting advice on your savings and investments
When deciding where to save or invest, you can shop around and compare products yourself, or get advice. When getting advice it's important to know what type you're getting and to check that your adviser is authorised. You also need to understand whether you're getting advice or just 'information'
Savings and investments – what's the difference?
When you put money into savings accounts you usually know you’ll get back at least what you put in – and usually interest on top. Investments (like shares, unit trusts, pensions and life insurance) may grow but this isn’t guaranteed - they could fall in value or you could lose your money altogether. It’s therefore important to consider getting financial advice before buying an investment. An adviser will also make sure that what you’re buying is suitable for you.
Advice on investments
Anyone offering investment advice must be authorised to do so by the Financial Services Authority (FSA).
Investment advisers must:
- ask you in detail about your financial situation and needs
- explain why the product they recommend is suitable
- give you clear information about the costs
They must give you this information in ‘Keyfacts’ and ‘Key features’ documents.
Types of investment adviser
There are three types:
- those who will shop around the whole market for suitable products
- those choosing from a limited range of product providers
- those advising only on products offered by one company
All advisers must give you a Keyfacts document 'About our service' explaining which type of advice they offer.
If you are seeking advice in relation to your existing savings or investments or new savings and investments, please call Mortgage Financial on 0845 051 9268 and we will put you in contact with an Independent Financial Adviser.
- Telephone: 01443 842 452
- Fax: 01443 841 723
- Address: 1st Floor Unit 6, Charnwood Court, Heol Billingsley, Parc Nantgarw, Cardiff, CF15 7QZ
- info@mortagefinancial.co.uk
