Are your savings protected against rising inflation?
Millions of Britons could see their savings shrink because they don’t know how to shield them from rising inflation. The findings are according to research by YouGov for Zurich which found more than a third (37%) of people aged 18 to 65-plus are in the dark over ways to grow their savings enough to at least keep up with rising prices.
There are a number of different factors that may create inflationary pressure in an economy. Rising commodity prices can have a major impact, particularly higher oil prices, as this translates into steeper petrol costs for consumers.
Preparing your portfolio
Inflation may finally be returning, and should it continue to rise, there will be a number of opportunities open to investors.
Read this factsheet to find out more about considerations for your portfolio.