Finance expert: 'Don't risk savings for better returns'
The Bank of England's decision to keep interest rates low could push savers to take "unnecessary risks" chasing better returns - a finance expert has warned.
David Braithwaite, Independent Financial Advisor at Citrus Financial Management, advised savers that although overseas banking, investments and inflation-beating products may seem appealing, they can carry hidden dangers and costs.
He told BBC Radio 5 live's Wake Up to Money: "Financial planning is all about balance - it's about taking a risk of what you can afford to potentially lose but making sure you're okay in the short term as well."
08 Aug 2013
- From the section Business