ABI urges 'healthier approach' to saving

Money News

www.moneynews.co.uk > General finance > ABI urges 'healthier approach' to saving

Topics

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Features

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Companies

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Money News

bullet
bullet
bullet
bullet
bullet

ABI urges 'healthier approach' to saving

UK consumers must develop "a healthier approach to saving" during the current economic climate, it has been claimed.

Dr Rebecca Driver, director of research and chief economist at the Association of British Insurers (ABI), warned that too many consumers are becoming "increasingly sceptical" about the merits of saving.

Her comments followed a study by the organisation which revealed that 73 per cent of British adults feel that the benefits of saving have fallen over the last year.

The ABI regards this as an indicator of the need for a new savings culture in Britain and Dr Driver called for the government to take steps to improve the situation.

"Increasing ISA limits and bringing forward automatic enrolment into existing workplace pension schemes will help - and we urge the government to take action on these issues," she said.

The ABI research follows a warning by Defaqto that UK savers could face "really bleak times" ahead with few savings accounts now able to offer a real rate of return.

Click here for more savings news
ADNFCR-323-ID-18989944-ADNFCR

Related News : General finance

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet