Risk Warnings

All investments carry risk. Different asset types and strategies involve different levels of risk and volatility.

Investment values can be affected by factors including, but not limited to:

• •movements in financial markets
• •economic conditions
• •interest rate changes
• •company performance
• •political and regulatory developments

There is no guarantee that any investment will achieve a particular return or preserve capital.

You may not get back the full amount invested.

Losses can occur over short or long periods, and some investments may fall sharply in value. Capital protection is not provided unless explicitly stated in the investment's documentation.

Pensions are long-term investments.

Key risks include:

• •Pension values depend on investment performance
• •Future income is not guaranteed
• •Pension rules and tax treatment may change
• •Access to pension benefits is restricted until minimum pension age

Holding investments within a pension does not remove investment risk.

Market Volatility

Markets can move quickly and unpredictably.

Short-term price movements may be significant and do not necessarily reflect the long-term prospects of an investment.

Investments may experience periods of both positive and negative performance.

Where investments or cash are held in currencies other than sterling (GBP), changes in exchange rates can affect the value of your holdings.

Currency movements may increase or decrease investment value independently of underlying asset performance.

Liquidity Risk

Some investments may be difficult to buy or sell quickly.

In certain market conditions:

• •trading may be delayed
• •prices may be volatile
• •selling may only be possible at a lower price than expected

This may affect the ability to access funds when required.

Inflation Risk

Inflation reduces the purchasing power of money over time.

If investment returns do not keep pace with inflation, the real value of savings may fall.

Counterparty and Operational Risk

Financial transactions rely on multiple third parties, such as custodians, exchanges, and banks.

While appropriate controls and safeguards are in place, failures or disruptions at third parties could affect the processing of transactions or access to assets.

Regulatory and Legislative Risk

Changes in legislation, regulation, or taxation may affect:

• •how investments are treated
• •how pensions and ISAs operate
• •the value or accessibility of assets

Such changes may occur with little notice.

Tax Risk

Tax treatment depends on individual circumstances and may change.

Invinitive Financial UK Ltd does not provide tax advice. You are responsible for understanding your own tax position and may wish to seek independent tax advice.