Risk factors

All investments carry an element of risk. Please bear in mind that:

• Our ISAs are designed as medium to long term investments of, ideally, at least five years.
• Both capital and income values may fall as well as rise and are not guaranteed. You may not get back the money you invested.
• The tax efficiency of ISAs is based on current tax law. Please note that the current tax situation may not be maintained.
• If you choose an index-tracking trust which invests overseas, exchange rate variations may cause the value of your investment and the level of income to rise and fall.
• Each index tracking trust has its own aims and risk factors. These are detailed in the Key Information document (including Simplified Prospectus), which can be downloaded from the right-hand side menu. Before you decide to invest, you must read this document.