Pooled funds that offer various investment strategies to choose from
Investment funds, also called ‘collective investment schemes’, are often large pools of capital created by garnering small investments from many individuals. This fund is then managed by a professional or a team of professionals who decide on the assets to invest in.
A public limited company that aims to make money by investing in other companies
Investment trusts are public limited company entities listed and traded on the London Stock Exchange. These trusts are required to publish an audited annual report and accounts, and they also operate under a board of directors who oversee the trust’s manager. When you put your money into an investment trust, you essentially buy shares in that company.
Often presented as a persuasive opportunity for financial gain
An insidious kind of fraud, the investment scam, often presents a persuasive opportunity for financial gain, requiring only your monetary contribution. At first glance, these offers may appear entirely legitimate, fooling even the savviest individuals. Yet, in most instances, victims of such scams lose partial or total amounts of their invested capital.
Developing an investment strategy tailored to your goals
Committing to a financial plan is crucial for building wealth and achieving long-term financial goals. When you have a plan, you are more likely to stay focused on your objectives and take the necessary steps to reach them.
Starting estate planning early and implementing it in stages is desirable
The UK Treasury has been receiving record-breaking Inheritance Tax (IHT) receipts. IHT receipts amounted to approximately £7.09 billion British pounds in 2022/23, compared with £6.05 billion in the previous financial year[1].
