Legal and General reports increase in women savers

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Legal and General reports increase in women savers

Tue 23rd Mar 2010

Claire Evans, the company's unit trust marketing director, suggested the population as a whole is now more prone to save than spend, yet women are in a marginally better mood to save than men.

Ms Evans said this was helped by the Isa allowance increase on April 6th to £10,200, which will allow customers to invest in stocks and shares and thereby spread their investments.

She added: "It is encouraging that among those that are saving, the proportion who are providing for their old age in retirement has increased to one in three today from one in five last year."

The findings showed the number of women who said they wanted to save increased to 63 per cent this year, while men were more inclined to spend.

According to the Association of Investment Companies, 38 per cent of the general public plan to use the new Isa allowance.

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