Education key to saving for future

The firm released its savings and investment report on 11 July, examining attitudes to and understanding of savings and investments. The report found 39% of people are not saving anything for the near future, while just 15% save just 5% of income or less. It also exposed a lack of understanding toward the risk and reward nature of investments, highlighting the population’s tenancy toward saving just cash, even in the long term. Scottish Widows says it looks forward to working with Government and the FSA to try and heighten finance understanding, building on the National Strategy for Fina...