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Finance expert: 'Don't risk savings for better returns'

The Bank of England's decision to keep interest rates low could push savers to take "unnecessary risks" chasing better returns - a finance expert has warned.

David Braithwaite, Independent Financial Advisor at Citrus Financial Management, advised savers that although overseas banking, investments and inflation-beating products may seem appealing, they can carry hidden dangers and costs.

He told BBC Radio 5 live's Wake Up to Money: "Financial planning is all about balance - it's about taking a risk of what you can afford to potentially lose but making sure you're okay in the short term as well."

  • 08 Aug 2013
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