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Savers should seek financial advice
22 July 2008
Consumers who are looking to save money would benefit from getting advice before doing so, claims a financial planning and wealth management service.
With Britons saving more since 2002 according to the Building Societies Association (BSA), many should go to a financial planner as they will give an un-biased view of the savings market, claims ADDIDI Wealth.
Director of ADDIDI Wealth, Anna Sofat, said: "If you go to a financial planner, who focuses on advice rather than selling products, then I think there are huge benefits to taking advice now."
Savers who set goals rather than just reacting to the market are more likely to be successful in their ambitions, according to ADDIDI Wealth.
"Adopt a plan in terms of not reacting to things, but saying: 'This is where I want to be in a few years' time, and this is how I'm going to get there," said Ms Sofat.
According to Moneyfacts, the difference in interest earned on £3,000 between the most and least competitive ISAs came to £129.20.
