The government is not doing enough to promote savings through the public's favoured vehicle, Isas, says F&C Asset Management.
Its survey of some 1,800 adults suggests more than half, 56%, want the annual Isa limit raised to £10,000 from the current £7,000 level. However, a large slice, some 21%, feel it should actually be doubled to £14,000 compared with the 10% who feel it should remain at the current level. Overall, about a third of the public intends to include some financial commitments as part of their New Year’s commitments – perhaps not surprising in light of F&C’s other finding some 63% feel they ”spend too much and don’t save enough”. Isas are clearly favoured as a vehicle: 39% of the research group...
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