When Isas and pensions won't do

For investors that can't invest in a pension or have used up their Isa allowance, a collective investment account can be a useful way of minimising tax and boosting their income

The well-publicised savings gap has focused attention ' if it wasn't focused already ' on the importance of self-provision and there's plenty of choice of where to invest. Wherever the investing consumer is faced with choice and the greater and harder these choices are the greater is the need for financial advice. Most would agree that the essential first step in building an effective investment portfolio is to ensure that the portfolio fundamentals match the investor's aspirations, attitude to risk and investment timescales. Asset allocation and diversification are two obvious (and imp...