Cats are unloving
We’re sobbing for cats everywhere – and so is The Blue Cross, who say that a cat’s purr is evidence enough that he or she loves you, and wants to be loved back. Everyone say: ‘ahhhhhhh’.
The site says:
“A recent study by the University of Lincoln found that cats don’t show signs of distress when their owners leave and aren’t particularly bothered when their owner returned to them. But, as anyone who’s come home from a hard day’s graft to have their cat jump on to their lap for a fuss will testify, cats do show affection towards their owners and many do like to be stroked and patted.”
My money may not be secure in a Stocks and Shares ISA…
There’s a lot of noise online which suggests a Stocks & Shares ISA option means your money isn’t secure. You only need to look at this Money Saving Expert forum to see there are a few misconceptions being bandied about.
That said, there are some risky products out there, of course. But some Stocks and Shares ISAs, like ours, guarantee 100% of your initial investment, plus bonuses, minus any withdrawals you make, after 10 years or each 5th year anniversary after that.
When researching ISAs, you may have seen the word ‘risk’ bandied about. Rest assured, though, that our ISA invests in our With Profits fund. This type of fund is built to avoid the volatility of riskier investment options by using a range of investments. These include property, shares and government bonds. Just one element of our investment ethos, it allows us to deliver steady, consistent growth for our members without any unexpected twists and turns.
On top of that, your ISA savings could be protected by the Financial Services Compensation Scheme (FSCS) up to £85,000.
‘With Profits’ accounts are always risky, too …
Sure, With Profits certainly isn’t a simple concept, but there are plenty of useful guides out there which will help savers get their head around how accounts like this work.
A type of ‘pooled investment’ fund, a With Profits account sees you pay into the account along with several other investors. Your money (and the other members’ money) is combined and invested in stocks, shares, equities, properties and bonds – and this is the case over a set timeframe.
With Profits funds can help people pay for their retirement, for instance, thanks to the potential of lump sum at the end of your savings period. The FT Advisor points out: ‘…many organisations do still offer with-profits funds, as a more basic savings vehicle or in the form of a pension, and according to industry analysis, they still offer useful returns.’
Martin Shaw, the chief executive of the Association of Financial Mutuals offers some more assurance for anyone thinking about a With Profits account. He says: “My mother had six With Profits policies and they paid nearly double the term. For an awful lot of people that’s a really positive story. Where they weren’t relying on the With Profits to pay off the mortgage people have had really positive results.”
If you’re looking to invest, but don’t like the idea of pooling all your money into a high-risk ISA option, a Stocks & Shares ISA that invests in a With Profits fund may be an option worth considering. These aim to give you a return linked to the stock market, but with fewer risks than you’d experience if you invested directly in shares. They can seem a more complex form of investing, though.
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