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There's more to saving than just putting a little aside
into the safety of a building society - though that
should play an important part in anyone's savings strategy.
The market offers a wide range of savings and investment
opportunities. You can often choose between lump-sum
investments or regular contributions, and between taking
income or enjoying capital growth. There are fixed-rate
products, higher risk stock market investments, and
others. Two key questions here must be: are you happy
to have your money tied up for a set period or will
you need access to it? What degree of risk to your capital
are you happy to accept in exchange for higher returns?
There are many organisations and companies that claim
to specialise in helping police officers in this area:
in some cases, this is not wholly unconnected with a
desire to assist a retiring police officer in the investment
of his or her commutation. Make sure you check the financial
advisor's claims to understand the police officer's
special circumstances!
Amongst those who genuinely understand police officers
and their financial circumstances are:
PMAS (The Police Mutual): 01543 414191
Hatch Associates: 0845 1306 121
Roland Smith: 0845 7 58 58 78
Mention Off Duty when you phone!
You may also want to attend one of our commutation seminars
- click here
for details!
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