Low-risk investments with a nasty sting
Informed Choice chartered financial planner Martin Bamford was quoted in the Daily Mail today, in an article exploring the dangers associated with structured investment products.
Martin Bamford, managing director of Informed Choice and a chartered financial planner, warns: ‘The continued trouble in the eurozone could trigger further bank collapses.
‘ This could mean investors losing their money in structured products on sale from banks and building societies.
‘It is almost impossible to find out where the financial protection actually rests. A structured product gives you the financial strength of the company backing it – for example, an A-rated company – but this is meaningless in the age of the credit crunch.
‘These plans are opaque, full of small print and difficult to analyse.’
You can read the article in full at http://www.dailymail.co.uk/money/article-1294452/Low-risk-investments-nasty-sting.html?ito=feeds-newsxml#ixzz0tdcZ2gV2.
Do speak to us if your bank is trying to sell you a structured investment product and you would like a second opinion before committing your capital.