However over the last 4 years, since becoming pregnant with Joshua we have really thought about making more of an effort to look at making better investments with our cash, however little we have. As life rolled by so did our intentions and we still have yet to make any choices on where or with whom to save and in what.
Other than working in an office for some Financial Advisors too many moons ago to think about and the fact I was only creating documents and typing I really ought to have sorted this far sooner and also sought help by my Financial Advisor chums …
So with all that being said I have been looking around recently to get some gist of what is available for us to invest into and it seems things are changing and not necessarily for my benefit either as stated earlier in the year when Neil Lovatt, Scottish Friendly’s Director of Financial Products, said: “The changes introduced in the budget gave savers a glimmer of hope and incentivised people to put more money aside each month. However, the Cash ISA market has not risen to the opportunity, instead choosing to offer low rates of interest on cash ISAs and in some cases actually reducing their rates for fear of overly high inflows”.
So for the normal non financially trained person (that certainly includes me) this only confuses matters more and since, most people are aware of ISA’s and they do seem to be a heavily used saving method how will things now change?
Bonus all round for the fact you can now have £15,000 in an ISA but it needs to be one that works hard for you and so, all I know for sure is that in light of these seemingly negative changes around investing and securing a better financial future …. I will certainly be checking things with an independant Financial Advisor as my cash is rare and precious and I need to make it work hard for me.
What are your thoughts on Savings and investments? …
Disclaimer: This is a sponsored post, however all opinion and thoughts are those of members of The Oliver’s Madhouse.
To keep up to date on information, deals and offers with Scottish Friendly you can also find them on TWITTER