Index linked saving certificates are back

**Lockhouse** · 12 May 2011, 13:00

My FiL is 84 and I have power of attorney. Is this something I should be considering as an investment for him? I'm meeting his financial advisor this weekend.

**DimPrawn** · 12 May 2011, 13:02

Originally posted by Lockhouse View Post

My FiL is 84 and I have power of attorney. Is this something I should be considering as an investment for him? I'm meeting his financial advisor this weekend.

RPI + 0.5, easy access to money, all tax free. I'd say it's worth a look.

**SimonMac** · 12 May 2011, 13:04

I was listing to 5Live this morning and they were making a real hash of selling this, basically you only get the DIFFERENCE in inflation rather the actual Inflation, so its more like 2.5% AER than the 5% being bandied around.

Although its safe investment, guaranteed return and with a high threshold than a Cash ISA

**Lockhouse** · 12 May 2011, 13:08

Originally posted by DimPrawn View Post

RPI + 0.5, easy access to money, all tax free. I'd say it's worth a look.

Cheers. Most of his cash is tied up in bonds, one of them has matured and we need to reinvest the cash. Any other (serious) suggestions for safe-ish investments that I can bring up with the IFA?

**DimPrawn** · 12 May 2011, 13:08

Originally posted by SimonMac View Post

I was listing to 5Live this morning and they were making a real hash of selling this, basically you only get the DIFFERENCE in inflation rather the actual Inflation, so its more like 2.5% AER than the 5% being bandied around.

Although its safe investment, guaranteed return and with a high threshold than a Cash ISA

They pulling that stunt again.

Last time they did they, saying you get RPI + x, when infact you get the change in RPI over the year + x.

Advertising Standards should be all over them like a rash.

**Lockhouse** · 12 May 2011, 13:13

That's really shady tactics - that's not how it comes across at all. So if RPI goes down over the year you basically get nothing?

**SimonMac** · 12 May 2011, 13:17

Originally posted by Lockhouse View Post

That's really shady tactics - that's not how it comes across at all. So if RPI goes down over the year you basically get nothing?

I think you are guaranteed the 0.5%

**TimberWolf** · 12 May 2011, 13:48

And you believe the RPI figures?

**EternalOptimist** · 12 May 2011, 13:55

Originally posted by Lockhouse View Post

Cheers. Most of his cash is tied up in bonds, one of them has matured and we need to reinvest the cash. Any other (serious) suggestions for safe-ish investments that I can bring up with the IFA?

sheesh man, I dont mean to be heartless, but think of the will. I did my mums estate last year and it was a bloody nightmare. If I had used a solicitor it would have cost us 15 - 18 k.
bear that in mind, profit and loss type of thing

Index linked saving certificates are back