UK:
The Limitations Of Investment Platforms
16 July 2015
UHY Hacker Young LLP
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At present platforms cannot cope well with some of the older
investment plans and the only option would be to surrender the plan
which might not be in a client's interests.
Some clients hold very large amounts on deposit and these are
best spread amongst different banks and building societies. While
platforms can hold a wide range of products, someone holding a
structured product for six years may feel there is no benefit in
holding this on a platform given the platform charges.
The value of your investment can go down as well as up and you
may not get back the full amount you invested. Past performance is
not a reliable indicator of future performance. Investing in shares
should be regarded as a long-term investment and should fit in with
your overall attitude to risk and financial circumstances. The
value of tax reliefs depends on your individual circumstances. Tax
laws can change. The FCA does not regulate tax advice.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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