5 alternatives to keeping your savings in the bank
Investing money almost always comes with a degree of risk. This means the amount you put in may not grow as you expect it to and could even be lost. These tips are intended as broad basics on different alternative investments. Before putting your cash into anything we strongly advise that you consult an FCA registered financial advisor.
You should only invest if you are prepared, and can afford, to lose all your money.
If you are considering investing in products or alternative investment opportunities, make sure you understand what you are investing in, the risks associated with investing, and any regulatory protections that may not apply to that type of investment.
In the UK, any firm carrying out a regulated financial services activity must be authorised by the FCA. You can check whether a firm is authorised on the Financial Services Register. If you use the services of a firm that is not authorised you generally will not have access to the FSCS or the Ombudsman.
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