It’s sometimes nice to feel that we’re getting something back from our investments even though we don’t necessarily need it right now. Those who invest for income generally need the maximum level of income that they can achieve within the risk parameters that are laid down. Those who invest for growth are usually prepared to tuck an investment away and reinvest dividends and interest along the way.
But there are those in the middle who don’t need a high level of income, but a little bit may help with the odd treat or unexpected expense. Capital growth is still important though. Our balanced or conservative portfolios offer the option of taking the income that they produce as well as reinvesting it for growth. As their names suggest, neither will be taking big risks so returns shouldn’t be spectacular. But they may provide you with that little bit of extra.
The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services businesses aren't able to resolve themselves. To contact the Financial Ombudsman Service please visit www.financial-ombudsman.org.uk.