How to review your investments

If you’re unsure how your investments are performing, we’re always here to help. Our financial advisers can review your savings and investments, regardless of who they are held with. That way, you can check if you’re getting the returns you need.

You might be happy to keep track yourself. But either way it’s important to review your investments on a regular basis. It could provide you confidence of knowing you’re on the right path. Or if performance is falling short, you’ll be able to consider making changes.

To review your investments, you need to ask yourself the following questions.

This can be a challenge. Your provider might send you an annual statement detailing returns, but on its own it can be difficult to know if performance is good or bad.

For example, your investment fund might have returned 4% for the 12-month period – but is this how it was expected to perform? And how does this compare to funds with a similar investment approach and risk profile? You’ll either have to do some research yourself to find out, or ask a financial adviser. Past performance isn't a guide to the future returns of an investment and may not be repeated in the future.

If returns are falling short of what you need, it could be a concern. Even the very best investment funds can have difficult years, so it’s best to avoid making hasty decisions based on short-term performance. You might not be getting strong returns now, but it doesn’t mean you’re in the wrong place.

Over the years our priorities can change. But we don’t always think about altering our savings and investments to reflect this.

If there’s anything different about your goals or you have new priorities, consider if your savings and investments are still in the right place.

You need to make sure the amount of risk you’re taking continues to fit your circumstances.

For example:

  • if you’re approaching your goal, you might want to reduce the amount of risk you’re taking
  • if you’re many years away, you might be happy to accept more risk.

For example, annual ISA allowances have risen over recent years and could be a useful tax-efficient way of boosting returns in a Stocks & Shares ISA.

When you consider rising house prices, spiralling university costs and even the greater expense of getting married, your children and grandchildren might require your support. If you have elderly parents, long-term care could be required in a few years’ time.

If you want to be there for your loved ones with their financial priorities, it’s important to factor them into your plans now. They will be forever grateful if they can turn to you.

As there’s lots to consider it can really pay off to meet your local Skipton financial adviser to review your savings and investments. We can check if your money is performing in line with your goals, and if there are ways to potentially improve your returns.

We regularly research products from across the market, so your financial adviser can present recommendations suited to your circumstances. And there’s no pressure to act on our advice.

We can monitor your investments for you

To help you keep track, for an ongoing fee we offer a service called Monitored Informed Investing (MII). Skipton's Head of Technical Research, Mark Elliott, explains:

“With MII we’ll monitor the performance of your investments and keep you up to date. You’ll receive quarterly reports explaining how your funds have performed and the reasons why. We speak directly with your fund provider(s), and will share this insight with you."

“Our other MII promises include help making the most of your annual ISA allowances, offers to review your investments at certain intervals (to see if they’re still meeting your needs). In return for an annual fee, MII keeps you up-to-date with how your investments are performing and the reasons behind recent returns. So you can have greater confidence about your financial future.”

Your next steps

If you're ready to talk to us about investing, then you can find out more on our financial advice website. Here you will be able to find your nearest financial adviser, book a financial advice review or give us a call and talk to a member of our Review and Financial Advice Team.

Our recommendations are likely to include stock market-linked investments. These aren’t like building society savings accounts, as your capital is at risk and you may get back less than you invest. The value of your investments and any income from them may fall as well as rise.

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