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Britons stash over £1bn at home as interest rates on savings dwindle

The most popular reasons the 2,000 people surveyed gave for keeping cash at home include being able to s ee it, using it for everyday spending, and convenience.  Many are unhappy with the interest they were making on other savings and a whopping 17 per cent said their savings were generating no interest at all.

Piggy banks are a great starting point for children learning the basics of saving money, but there is a clear opportunity for adults to gather their stockpiles together and make their money work harder for them.  Whether it is under the mattress, in a bottle, or in a sock drawer, that money could be contributing towards your savings goals.

With interest rates so poor people just do not know where to turn to invest their hard earned cash and give them some sort of genuine return.  This is where I can help!  If you wish to see your money begin to give you an income of 5% per annum, I have a robust genuine safe investment available from a highly reputable multinational insurance organisation that will give you that.

This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

Other News

The Benefits of Financial Planning as a UK Expat

Why a strategic financial plan is essential for British nationals living abroad For British nationals who have chosen to live, work, or retire overseas, the expat lifestyle offers many opportunities—warmer climates, cultural enrichment, tax advantages, and improved quality of life. However, these benefits can quickly be undermined without careful and informed financial planning. Whether you’re […]

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Expats should consider short-term appeal of regular savings, says report

There are so many options when it comes to expat regular savings, but sometimes, according to a new piece of research, the best thing to do may also be the most straightforward.

The report, which was carried out by Paul Lewis (respected journalist and presenter of Money Box, Radio 4’s flagship financial affairs programme), found that over a 21-year period, regular savings actually produced better returns than shares from a FTSE 100 tracker fund.

The research has raised some eyebrows in the financial advice and wealth management industries, where it has long been the accepted position that investing in shares produces better outcomes than simply adding to expat regular savings.

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