MySociety Autumn Edition

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Take a fresh look at
your finances
Many of the products available are not like bank and building society accounts, as the capital value and any income from them can rise and fall and your
capital is at risk. You may get back less than you originally invested. The tax treatment of any investment depends on your individual circumstances
and may be subject to change in the future.
Skipton Financial Services Limited offers Restricted advice and is authorised and regulated by the Financial Conduct Authority under register number 100013 and is a wholly owned subsidiary of
Skipton Building Society. Registered office: The Bailey, Skipton, North Yorkshire BD23 1DN. Registered in England No. 2061788.
How Skipton Financial Services works
If it’s been a few years since you last spoke to someone about your savings and
investments, then now could be the ideal time.
Our wholly owned subsidiary Skipton Financial Services Limited (SFS) offers a
personalised advice service. There is an SFS Financial Planning Manager based in
every Skipton Building Society branch. They will help you find out if your investments
are on track or if they could work harder. After all, your life may have changed. You
may have more to invest, be planning to retire, or perhaps your plans for the future
are different.
It doesn’t matter if your money is invested elsewhere. Your personal SFS Financial
Planning Manager can look at where your finances are now and see if any
improvements can be made. They’ll then offer tailored recommendations that
could make a real difference to your financial future.
Step 1
Find out if SFS can help
The first thing to do is have a My Review in branch. It’s free and looks at all
aspects of your finances. If you have over £10,000 to invest and would benefit
from an SFS review, we can arrange a meeting with an SFS Financial Planning
Manager at a time to suit you, either at your home or local branch.
Step 2
Catch up on your finances
You’ll meet with your personal SFS Financial Planning Manager. They’ll find
out about you, your finances and your attitude towards risk and reward. They’ll
then assess if your current savings and investments are working well to help
you achieve your goals. If improvements can be made, you’ll go to step three.
Step 3
Get a personalised recommendation
SFS’s technical team researches over 3,000 collective investments from over
70 providers. From this they have constructed and maintained a preferred
product range, which your SFS Financial Planning Manager will use to give you
personalised recommendations. They will also answer any questions you may
have, explain any associated risks and outline the charges for their services.
Step 4
Make a final decision
If you want to go ahead with any of the recommendations, your SFS Financial
Planning Manager will help you with all the necessary paperwork. Obviously, you’re
under no pressure to make a quick decision - you’ll have all the time you need.
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Mark Elliott,
Technical Research
Manager, Skipton
Financial Services
A mixed picture for
global economies
Market watch
The final days of summer and start of
autumn saw global market changes,
as a number of geopolitical factors
triggered short-term volatility.
This spell of market falls follows
what has been a favourable period
for the majority of equity markets,
extending back to 2009. As a
result of this positive period, many
commentators have been suggesting
that a re-adjustment in share prices
would not be unexpected during the
second half of 2014.
There is no one specific cause behind
recent market performance – it is a
combination of several factors. For
example, the effects of the ongoing
Russia/Ukraine dispute, low investor
confidence in the US, poor economic
data from China and the EuroZone,
plus military action in the Middle East.
Nevertheless, significant progress
has undoubtedly been made when
you compare markets and economic
outlook with the issues of recent years.
This is why you should always take a
long-term approach to investing. Time
in the market – rather than timing the
market – is the key to a successful
investment strategy. Further volatility
in equity markets over the next few
months would not be unexpected, as
there are various global issues which
still need to be addressed. However,
the medium to longer-term outlook
remains encouraging.
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To book a My Review, visit your local branch,
call 0345 600 6158 or visit