The new financial year started last week and there’s no better time to take stock of all your investments

Happy new tax year. While it is unlikely that many champagne corks were popped, 6 April was a landmark for anyone who wants to take a fresh look at their finances.

“This is often a good time to take stock,” says Sarah Coles, a personal finance analyst at Hargreaves Lansdown. “Revisit things like savings, investments and pensions at least once a year to make sure they still reflect your needs.”

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