In February 2017, the rate of consumer price inflation rose to 2.3% – the highest since September 2013. While nowhere close to historic highs, higher inflation stands in contrast to near record low interest rates offered on cash savings.
To protect your purchasing power over time, your savings need to grow at least as quickly as prices are rising. Find out how you could potentially navigate the challenge posed by rising inflation, and help protect the value of your savings from its corrosive effects.
We are unable to give financial advice. If you are unsure about the suitability of your investment, speak to your financial adviser.
The value of investments and the income from them will fluctuate. This will cause fund prices to fall as well as rise. There is no guarantee a fund’s objective will be achieved and you may not get back the original amount you invested.