IFAs offer best route to retirement prosperity - Cable

The Liberal Democrat shadow chancellor challenged the more conventional solutions to poor savings statistics, such as financial education, dubbing them “simple platitudes”. He was speaking today at the launch of the second Scottish Widows Savings and Investments Report, which suggested simpler products and greater incentives to save, as well as education, would help improve people’s financial prospects in retirement. “The most important thing is access to independent financial advice,” Cable said. Referring to the Money Guidance proposals put forward in the Thoresen Review, he added: “The...