Personal investment plan - Questions/Advice?

hieveryone

Hi everyone,

I'm asking this question on behalf of my father, apologies if it is in the wrong place!

I only have limited information but hopefully it is enough to go on, basically he has a Personal Investment Plan with the Halifax, which had £30k in it. This has been open for 2 years. He has checked it recently and it is down to £21k within the last 4 weeks.

Is this a dip that will eventually recover? Obviously right now he is wanting to take the money and run but will it even out again over time? I know it is a hard one to ask, but those more knowledgeable than him (or me) can hopefully give some pointers?

Incidentally the bank are useless at returning phone calls so he is worried out of his mind at the moment!

Thankyou

isofa

You need to look at what the money is invested in, however. the dip is, I assume, mainly due to the market turmoil at the moment. If it's a long term investment this is fine and to be expected, in the long term it will recover it's value.

I'd certainly look at keeping it until it does, but then looking at getting some good independent financial advice, not from poor tied advisers in banks such as Halifax, which will sell their own (often very poor) products.

hieveryone

Thankyou for your quick reply...as I said it is for my father and although he has given me this much information, I think at the moment he is, obviously, worried and possibly a bit 'embarrased' by this, as it is his savings. I will check what the money is invested in - is this usually a company or similar?

Thanks again

hieveryone

Hi everyone again,

Ok I have more details which will hopefully help me (and my dad!) out..

This is what is on the paperwork:

Gilt and Fixed Interest 15%
High Income 15%
Pelican 30%
U.K FTSE All-Share 40%

Hopefully this is a bit more useful?

Thankyou

hieveryone

Anyone have any ideas please?