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Independent financial adviser (IFA)

Because they're the best partner you can have in planning for your financial future, think of an independent financial adviser (IFA) as your personal banking BFF.

An independent adviser can suggest products from across the board, hence the emphasis on the word ...

Inflation

A penny sweet no longer costs 1p and a Freddo chocolate bar costs quite a bit more than 10p (the 1994 launch price), sadly. Why? As inflation increases, your money buys you less.

Inflation, which occurs when the price of products and services increases as the purchasing power of currency falls, is a thermometer economists often use to check an economy's temperature ...

Interest rates

Just like it takes money to make money, it costs money to borrow money. It's the fee a lender charges a borrower for the use of assets. They are usually expressed as an annual percentage of the borrowed amount ...

Investment bank

Unlike your normal commercial bank, investment banks do not accept deposits for current or savings accounts from us regular folk.

Instead, investment banks specialise in facilitating the purchase and sale of shares and bonds as well as helping companies list on stock markets known as "initial public offerings" ...

Investment manager

If managing your own portfolio sounds like a drag, an investment manager will be happy to do it for you. For a percentage of the total value of your portfolio (or assets under management - AUM), they will make decisions based on the investment objectives and parameters you dictate ...