An asset management firm is calling for politicians from all parties to be scrutinised over their blueprints on how to encourage higher national savings in the lead up to the General Election.
F&C Asset Management calculates household savings ratios to be on a similar trajectory to turnout levels at General Elections, retreating from around 9.9% before the current Government took office to a current figure of 5.9%. It also points out recent data from the Investment Management Association (IMA) showing a 59% year-on-year drop in net sales of Individual Savings Accounts (ISAs) during February, despite a stronger stock market over the past year. Jason Hollands, director and head of communications at F&C calls for the Government to focus its attention on the failings of individu...
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