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The next few years are going to see major changes in the
way we save for our futures, as the old familiar safety nets
of state pensions and benefits begin to fall away. Already
we are being encouraged to do more to plan our own and our
families' financial futures.
In the last few years we have seen new savings instruments
appear, such as PEPs, ISAs and stakeholder pensions. But in
order to create the right plan, you need the right advice.
A popular route through the maze is direct equity investment
- individual ownership of stocks and shares. While popular
schemes such as unit trusts invest your money in a basket
of stocks and shares chosen by a fund manager, direct equity
investment gives you a say in what goes into the basket. You
have a direct contact with your fund manager, working together
to create the right portfolio for you, or you give your own
instructions on how to manage your investments.
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