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SAVINGS & INVESTMENTS

Growth & Preservation

When planning your finances, it is important to distinguish between savings and investments. Savings are generally funds that you set aside that can be accessed relatively quickly. These savings are often for a specific need or purchase, like a holiday or a new car. The most common way of saving is into a bank account (‘deposit’ account) where the money can be accessed quickly in an emergency, and for every £1 you put in, you will get £1 back and possibly some interest. In other words, the original capital is guaranteed.

Investments are designed to be held for a longer term, usually at least 5 years. You need to be comfortable with tying up this money for a period of time and should not consider investments unless you have some savings in place. Most investments are not guaranteed to return your money in full, although do offer the prospect of potentially higher returns than deposit accounts. Returns, risk and volatility are the factors that will determine a suitable place for your investments. 

The value of investments may fall as well as rise. You may get back less than you originally invested.

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Lotus Benefit Consultants Limited is registered in England and Wales no. 3093707. Registered office, Devonshire House, 582 Honeypot Lane, Stanmore, Middlesex HA7 1JS.

Authorised and regulated by the Financial Conduct Authority. Lotus Benefit Consultants Limited is entered on the Financial Services Register https://register.fca.org.uk/ under reference 186675. If you wish to register a complaint, please write to us at the address above or email us at info@lotusifa.co.uk.

A summary of our internal procedures for the reasonable and prompt handling of complaints is available on request and if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service at www.financial-ombudsman.org.uk or by contacting them on 0800 0234 567.

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