Savings & Investments

If you are honest with yourself you will agree that it is important to save. However, research by the Post Office shows that one in four people do not save at all; of those that do, 29% are just saving for short-term reasons such as holidays. Worryingly, when we do save, we are only putting away just over £1 out of every £100 of disposable income (source: Office for National Statistics June 2008). This is why the government offers tax incentives to encourage us to save.

But, what is the best way, and where is the best place to save? This is where your CPS adviser will help you. Your adviser will first discuss your savings goals with you. You will then talk about your attitude to investment risk: in other words how much risk of losing money you feel prepared to accept to aim for potential gains. Then, always considering the need for some short-term, rainy-day money, your adviser will find the most suitable product and investment fund to suit you.

If you have reached the point where you need to start saving more, or start saving full stop,
why not contact us for some help and advice?