MetLife being recommended by IFA

xylophone wrote: »

http://www.telegraph.co.uk/finance/investor/11789970/The-Bond-Ladder-The-pros-trick-to-turn-your-savings-into-a-reliable-low-risk-income.html

A tangent but:

"The pro’s trick to turn your savings into a reliable, low-risk income" - a ten year plus strategy invested entirely in cash which at the time delivered returns of 2.79%pa - and now more like 2.25%. I assume this is "pro" in the sense that Titus Bramble is a pro footballer.

The article is from August 2015 and includes this gem: "Markets are still waiting for the Bank of England to start increasing rates but there are signs it could happen within months. That will push savings rates higher. The best cash rates are already climbing, albeit slowly, as "challenger" banks compete to establish themselves." To save you checking Moneyfacts, if you'd done this you would now be looking at returns in the region of 2.25% per annum rather than 2.75%.

Now, obviously I can't blame the Telegraph for not having a crystal ball, and pretty much everyone will have said something along the lines of "interest rates are bound to go up eventually" in every single year since 2009. But if you can read this article in 2017 and still not see the risks in putting money which is to be held for 5-10 years in cash then so be it.