People who stayed invested and kept saving during the financial crisis of 2008 could now be seeing a return of 89%, according to research.

Aegon calculated that £100,000 invested in a mixture of equities, gilts, cash and bonds before the crash would now be worth around £189,000.

This would have seen an initial 22% loss in the first 6 months until March 2009, followed by sustained recovery.

Despite this, the research revealed many consumers lack confidence in the investment landscape, as 37% think there are more elevated investment risks now than 10 years ago.

Meanwhile, 53% said fear of another crash impacts on the amount of risk they are willing to take.

Nick Dixon, investment director at Aegon, said:

"There are a number of headwinds facing the global economy and markets, including rising interest rates and trade disputes, reflected in investor sentiment.

"However, for those with a long-term view, such issues should not be a barrier to investing.

"Accepting investment risk - including periods of loss - is necessary to achieve long-term investment returns."

Contact us for advice on investing.

Subscribe To Our Newsletter

By submitting your details you agree to receive email marketing from EV Accountants and have read and understood our Privacy Notice. You can withdraw your consent or change your preferences at any time by emailing us or by clicking the link at the bottom of every email we send you.

You have Successfully Subscribed!