Nick Pemberton.

Nick Pemberton is a financial journalist, not a financial adviser, and nothing in his articles should be read as personal financial, tax or legal advice. All views expressed are his own and do not represent the position of this publication or any organisation he has previously worked for. He holds no positions, long or short, in any company, fund, product or asset class discussed in his writing, and has held none in the twelve months prior to publication, with the sole disclosed exception of a small EIS shareholding referenced in his article on the Enterprise Investment Scheme. Where specific companies, products or providers are named, this is for illustrative purposes and does not constitute a recommendation to buy, sell or avoid them. Tax treatment depends on individual circumstances and is subject to change. Past performance is not a reliable indicator of future results, and the value of investments can fall as well as rise. Readers should seek independent, regulated financial advice before acting on anything they read here.