Making the right choice

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Tony Hales at Stadia Trustees says IFAs are vital for providing the right advice on investment suitability

To the vast majority of people who have been saving hard for their retirement it is not surprising that mainstream investments are losing their appeal. Since the start of the century it has been a rollercoaster ride for anyone in a typical equity fund. In December 1999 the FTSE closed just short of 7000. Recently it rose 5% to the 6000 level but this still leaves many long term investors 15% worse off. During the last eleven years there have been falls greater than 20% in 2002 and 2008. Only a fool would stand up and say there will never be another stock market fall of 20% or more....

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