Regular Savings Plans

What are Regular Savings Plans?

Regular savings plans are financial arrangements designed to help individuals consistently save money over time through regular contributions. They involve setting up automatic deposits into a designated savings account on a regular basis, typically monthly. These plans offer convenience, discipline, and the opportunity to accumulate funds gradually, making them a popular method for achieving long-term financial goals, such as building an emergency fund, saving for a down payment, or preparing for retirement.

Key Features of Regular Savings Plans

• Provides structure for disciplined, regular savings

• Low ongoing contributions from $200/month

• Great for steadily building a savings pot for a specific goal like retirement or school fees

• Removes stress of investing, trying to 'time the market'

• Save in USD, Euro or GBP

• Low fees

•  a low-stress way to save, you "set it and forget it" with automated contributions aligned with your salary payments

• Flexible structure, so you can adjust your contribution, miss payments if needed or add one-off contributions in

Take Advantage of Dollar Cost Averaging

Dollar cost averaging offers several advantages for investors. First, it helps mitigate the impact of short-term market volatility by spreading investments over a longer period, reducing the risk of making large investments at unfavorable prices. Second, it encourages disciplined investing by enabling individuals to consistently invest a fixed amount at regular intervals, regardless of market conditions. Lastly, it can potentially lower the average cost per share over time, maximizing the potential for long-term returns and minimizing the impact of market fluctuations on overall portfolio performance.

Which Providers offer Regular Savings Plans

include:

• Dominion Capital Strategies

• Investors Trust

• Manhattan Trust