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Savings and Investment advice?
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 (Police Mutual): 0800652 9331
Hatch Associates: 0845 1306 121
Metropolitan Police Friendly Society Ltd: 01689 891 454
Please mention Off Duty when you phone!
