Gov't policy 'deterring people from saving'

The latest savings panel survey from the Association of British Insurers (ABI) reveals 48% of the 150 senior executives surveyed believe the savings environment has improved over the last 12 months, compared with 42% in the June 2006 survey. A further 38% believe the savings environment has remained the same and 14% believe it has deteriorated. In addition, insurance executives are optimistic about the outlook for savings products over the next 12 months: 86% are optimistic for their own company, while 14% are pessimistic; and 63% are optimistic for the industry as a whole, compared wit...