
Savings and investments for yourself and your family are much easier with a little knowledge, and some good financial advice. Here is our jargon-free round-up of savings and investments, showing the advantages and risks of each investment type.

Savings and investments for yourself and your family are much easier with a little knowledge, and some good financial advice. Here is our jargon-free round-up of savings and investments, showing the advantages and risks of each investment type.

A lack of understanding of pensions annuities can lead to uninformed choices that cost thousands, according to Aviva. Retirees need quality financial advice to ensure they buy the annuity that is right for them.
A pensions saver who contributed £100 per month to their pension pot over 20 years would have achieved a retirement income of £9,000 per year, if they had retired in 2000. The same pensioner retiring on 20 years’ savings today would have an annual income of just £2,500, a drop of 70% over the decade.
An Office of Fair Trading study into ’small print’ in contracts is likely to focus on life insurance and critical illness insurance, emphasing again the value of independent financial advice.
Consumers draw most on quality independent financial advice when setting up or re-investing their pensions, or managing savings and investments, new data shows.

