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There are plenty of comparison sites available helping you to save money on your insurances, loans, credit cards etc. However, this is the only website whose primary focus is upon helping you to make financial decisions dedicated to you ‘never losing a penny’.
You work hard for your money and we believe that every penny you earn should be protected as much as possible.
This site shows you how to make sure you get the right returns based upon stock market investment without having to be exposed to risks of the potential downside.
All the information on this site has one thing in common; it is focusing on helping you maximise your:
• Capital Guarantees: Taking advantage of the capital guarantees that are available is probably MORE important than maximising the tax efficiency of your investment!
• Decision Making: Investing in the right product at the right time is essential. How often do people invest because the stock market has been doing well (meaning that all profits have already been realised) and divest when it has done badly (meaning that all losses are being crystalised)!
This site will also help you to:
• Make sure you maximise the protection available from the Financial Services Compensation Scheme.
• Maximise the benefit of tax beneficial investments.
• Maximise your income in retirement without the investment risk.
• Maximise the income available from investments without the investment risk.
• Make sure you don’t lose any money or tax upon your death or your inheritance.
• Find any money you might have 'lost' in old accounts, policies you forgot you had, old premium bonds and even check those old lottery numbers!
• Provide you with access to advice should you decide you need it.
The site will also help with lifestyle decision such as:
• Have you got the best or cheapest Mortgage?
• How much are you paying on your Insurances?
• Are you looking for a cheap Loan?
• Are you paying too much on your Credit Cards?
All of the information on this site can help you to work hard to never lose a penny of your money ever again!
All of this is achieved by the proper use of Structured Products.
There are fundamentally 2 types of Structured Product and it is essential that you understand the differences between the 2:
• Deposit Based Products
• Structured Capital at Risk Products
To help you understand everything we stand for at neverloseapenny.com the following note
says it all. It's what makes up our DNA and we applaud the FSA for taking such a stance.
The FSA wrote the following in a recent guidance note which is intended to help firms comply
with the FSA’s rules and Principles. In particular this note was aimed at banks and financial advisers:-
"We consider structured investment products to carry a greater risk of capital loss than deposits.
The Financial Services Compensation Scheme (FSCS) covers deposits up to £50,000. Most
structured investment products do not have FSCS coverage, and while the probability of
counterparty failure may be low, this means the impact of a default could be catastrophic for a
customer (up to 100% loss of capital).
On this basis, we believe that structured investment products with counterparty risk, where there is no
FSCS coverage in the event of counterparty failure, are not suitable products for customers who do
not want to risk any loss of capital or who have no capacity for loss. We believe that these customers
should be investing in products such as cash deposits.
For this to be a suitable investment for the customer, it is also vital that the customer is aware of,
and is willing to take, the risk involved. This does not mean that the customer has to understand the
underlying mechanics of the product, but they should be made fully aware, for example, that if the
counterparty backing the investment fails, they could lose all of their investment. They should also
be informed of all other relevant potential outcomes and risks, such as their potential return being
dependent on the performance of the relevant index/indices. In any case, they should be in a
position to withstand the loss of their capital in the event that the counterparty fails. There are,
of course, many other factors that should be considered, such as the customer’s investment objectives."
That statement was specifically made by the FSA.
On the ‘Why protect Your Money’ page, you will find a presentation explaining the difference between the 2 types of structured product.
We whole heartedly agree with the statement made by the FSA which is why you will not find any ‘Capital At Risk’ products on this site.
However, you WILL find the deposit based structured products that offer the full protection of the Financial Services Compensation Scheme.
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