Lowes Magazine Issue 123


Who’s investing where? RECENT RESEARCH BY THE PERSONAL INVESTMENT Management & Financial Advice Association (PIMFA) looked at where the different generations and age groups were investing. The research found that younger people had high levels of confidence when investing, but many were investing having listened to unregulated information that was often obtained through social media. 40% of investors aged 18 to 25 held investments in new and highly volatile assets, such as cryptocurrencies, some of which have seen huge losses in recent months.

This was in contrast with older UK investors who tended to invest in more traditionally recognised investments. For example, 43% of investors in the 56 to 75 age range and 60% of investors in the 75+ age range hold some of their investments in Premium Bonds, compared to just 19% of 18 to 25-year-olds. While we welcome more people feeling confident about investing their savings, this has to be tempered. Investments should be pursued as part of a strategy held within a sound financial plan that balances the potential upsides with the risks involved and sets these against an individual’s financial goals.

Make your money work. Best bank & building society rates Type Amount Provider Account

Gross Rate


Unrestricted instant access accounts Online £1 - £50,000


Smart Saver




£1,000 - £85,000

Shawbrook Easy Access Savings Account

1.40% www.shawbrook.co.uk

Fixed rate bonds Online

£1,000 - £1,000,000 Hodge Bank £1,000 - £1,000,000 Hodge Bank £1,000 - £1,000,000 Hodge Bank

1 Year Fixed Rate Bond 2 Year Fixed Rate Bond 3 Year Fixed Rate Bond



Online Online

3.02% www.hodgebank.co.uk 3.15% www.hodgebank.co.uk

5.64% if FTSE 100 rises / 0% if it doesn’t

Call Lowes on: 0191 281 8811

Structured Deposit

£5,000 - £1,000,000 A+ Rated Bank

6 year fixed term deposit

You may also wish to consider Premium bonds offered by National Savings and Investments (NS&I), maximum £50,000. Whilst no guaranteed interest is earned, they do offer the opportunity for tax free winnings which with ‘average luck’ should return 1.4% p.a. but with the chance of winning £1million. Measures of inflation - The average change in prices of goods and services over a 12 month period to June 2022 Retail Prices Index (RPI) 11.8% Consumer Prices Index (CPI) 9.4% Sources: Providers’ websites, Office for National Statistics, www.thisismoney.co.uk, www.moneysupermarket.com, www.moneyfacts.co.uk 12/07/2022. All accounts subject to terms and conditions.

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Lowes Financial Management

If you would like to receive further information on any of the subjects featured in this issue please call: 0191 281 8811 , fax: 0191 281 8365 , e-mail: client@Lowes.co.uk , or write to us at: Freepost LOWES FINANCIAL MANAGEMENT . Lowes ® Financial Management Limited. Registered in England No: 1115681. Authorised and Regulated by the Financial Conduct Authority.

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