Rate Freeze sees savers suffer
CALL 0800 085 3250 OR VISIT www.unbiased.co.uk FOR IFA PROMOTIONS FREE GUIDE TO SURVIVING ON SAVINGS WHEN RATES ARE LOW
Whilst todays Bank of England decision that its holding interest rates at 4% for another month is excellent news for borrowers, what might this mean for savers? Banks and building societies waste no time in passing on these rate cuts to savers, so what can consumers do to ensure good returns in these uncertain times? IFA Promotion has produced a guide explaining the various investment vehicles available to investors keen to make the most of the money they have saved.
The Guide to surviving on savings when rates are low- aims to demystify some of the jargon surrounding investments as well as providing useful pointers of alternative investments when interest rates are dropping. The guide highlights some specific questions to consider before meeting up with your independent financial adviser and outlines a plethora of investment ideas across the whole risk spectrum for the investor to consider.
David Elms, Chief Executive of IFA Promotion said; With todays monetary policy announcement showing further reductions/no increase on already depleted savings rates, now is a good time for savers to consider all their options, are they getting the most from their money? With so many options and factors to consider, the savings market can be baffling. It is vital that consumers consider all options and seek independent financial advice to ensure they invest in the most suitable product for them.
For a free copy of the guide, together with details of local independent financial advisers who can talk through your options in detail, call the IFA Promotion consumer hotline on 0800 085 3250 or visit www.unbiased.co.uk
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For further information, please contact: | ||
David Elms | or | Pippa Russell / Liz Willder |
CEO |
| Lansons Communications |
Independent Financial Adviser Promotion |
| Tel: 020 7490 8828 |
Tel: 020 7833 3131 |
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Notes to Editors
1. Independent Financial Adviser Promotion
Independent Financial Adviser Promotion Ltd. was established in 1989 to promote the value and accessibility of independent financial advice to the public. It represents nearly 10,000 firms of independent financial advisers across the UK and is sponsored by 29 leading financial institutions.
IFA Promotions central belief is:
Consumers have a right to financial advice that is independent of the providers of financial products - i.e. independent financial advice.
Furthermore independent financial advice should be:
Affordable. The option to take independent financial advice should be available, by right, to all - not just the wealthiest in society.
Convenient. IFAs should be available in the location of the consumers choice, wherever they live in the UK.
Transparent. It must be clearly transparent to consumers who is able to offer independent financial advice and who is not.
2. Independent Financial Adviser Promotions sponsors
AXA Sun Life | Prudential |
Barclays Global Investors Funds | Scottish Equitable Plc |
BUPA | Scottish Life |
Canada Life | Scottish Mutual Assurance Plc |
Clerical Medical Investment Group | Scottish Provident Institution |
Dresdner RCM Funds (UK) Ltd. | Scottish Widows Plc |
Eagle Star | Selestia |
Family Assurance Friendly Society Ltd | Standard Life Assurance Company |
Friends Provident | Swiss Life (UK) Plc |
INVESCO Fund Managers Ltd | The Skandia Group of Companies |
Legal & General | Tunbridge Wells Equitable Friendly Society |
National Mutual | Winterthur Life UK Ltd |
National Savings | Zurich Life Assurance Company |
Norwich Union Life | Zurich Life Assurance Company |
NPI |
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