Halifax has announced it is stepping on board the government's pilot project to test the efficacy of...
Halifax has announced it is stepping on board the government's pilot project to test the efficacy of measures intended to boost the savings ratio among the country's lower income earners. The so-called Savings Gateway will target consumers in four disadvantaged areas of the country to see whether proposals to match savings with government money on a pound-for-pound basis will result in more income being saved. Consumers will be allowed to save up to a maximum of £25 per month up to a maximum of £375 over the 18-month period of the pilot project. The government will match a...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes