Savings and Investments: Due diligence a key consideration

Most savers these days are being much more cautious about where they put their money, writes Caroline Allen.

24th March, 2013
Brendan Synnott, managing director of Nationwide UK Ireland: 'There is a precautionary motive in the way people are treating their personal finances.'

Irish savers and investors have become increasingly concerned with the guarantees offered by their financial institutions as a result of the conclusion this month of the Irish blanket guarantee scheme, according to Brendan Synnott, managing director of Nationwide UK Ireland.

"Due diligence is very much in evidence from savers and investors," he said. "They are investigating whether they can avail of the Irish guarantee for €100,000 or the UK guarantee for £85,000."

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