IMPORTANT: Shares publishes information and ideas which are of interest to investors. It does not provide advice in relation to investments or any other financial matters. Comments published in The Pension Place must not be relied upon by readers when they make their investment decisions. Investors who require advice should consult a properly qualified independent adviser. The Pension Place does not, under any circumstances, accept liability for losses suffered by readers as a result of their investment decisions.

Contributors to The Pension Place may hold shares in companies mentioned on the website. This could create a conflict of interests. Where such a conflict exists it will be disclosed.

The value of the investment(s) and their income yield(s) may go up or down. The investment(s) referred to on this website may not be suitable for private investors: if you are in any doubt you should seek advice from an investment advisor. Changes in rates of currency exchange may have an adverse effect on the value, price or income of investments. Statements as to the past performance of any investment are not a guide to future performance. The levels and bases of taxation can change, and if you are in doubt you should seek independent professional advice. In some cases, it may be difficult for you to sell or realise your investment or to obtain reliable information about its value or the extent of the risks to which you are exposed.