Potential UK investors have warned to avoid seven common errors, by mutual fund manager Fidelity International.

Doug Naismith, managing director of European Personal Investments, has described the seven as easily avoided, but … often overlooked.

Mistakes outlined by Fidelity include trying to time the markets, investing with no plan and duplicating investments.

The organisation also sets out key points to review investment and suggests that investing in cash may yield much lower returns than expected.

Other advice provided is for potential investors to be aware that they can invest via a monthly saving plan, rather than a lump sum, which may lead to benefits however the market is performing.

Fidelity's research indicates that investing £3,000 in 1995 in the FTSE UK All-Share Index would have resulted in the investment rising to £6,418.01.

Just taking a little time to really think about your approach to saving and investing, along with regular reviews of existing assets and investment goals can have a major impact on the future returns of your portfolio, added Mr Naismith.