Adrian Boulding: A little (financial) knowledge is a dangerous thing

I am worried by the relentless clamour from politicians and industry commentators for greater consumer engagement with savings. They presume that engagement is always a good thing. In this article, I argue that there is a hockey stick-shaped curve defining the relationship between greater engagement and improved outcomes. I believe increasing engagement will only favour those prepared to put in the effort to get themselves round the dip of that hockey stick's blade and up onto its handle where engagement starts to deliver much more certain and positive financial outcomes. During la...