We all know and understand that investments should be thought of as long term. Time is the annihilator of risk and nurtures the magic of compound growth.

But many offshore products enforce long term lock-ins; so even if you wanted to get your money out for an emergency, you may find yourself heavily penalised for doing so.

So what happens if you need cash during this lock-down, but you’re locked-in? Unfortunately, there is no easy answer; if you need cash you will have to take any applicable Penalty Charge. Unlike banks, insurance companies have offered no grace to customers facing difficulties in the current situation, enforcing early exit penalties as usual – which they are legally entitled to do.

During periods of such lock-downs, uncertainty and worry, it is vitally important that you retain flexibility and access to your savings penalty free.

Here at obvio we are massive advocates of getting your money invested to meet your medium to long term goals – but we never propose any solutions which have nasty lock-in periods or Exit Penalties.

That means our clients, if they find themselves in lock-down and in need of cash, are not locked-in and paying hefty penalties for exit.

Understandable hesitation of investing at the moment means that many people are sitting on cash rather than investing. Not taking advantage of massively discounted market prices perhaps in the belief that they can’t access their money if they need it.

obvio will never advise on solutions which penalise clients for needing to access their money. No lock-ins, no commissions and no hidden fees.

It’s obvious.

If you would like to learn why obvio is truly different and understand how not be locked-in whilst in lock-down, contact us today, our team are ready to help.