Education and advice incentivise saving - RLAM

Furthermore, the government, the regulator and the media should also start to promote IFAs as a source for people to turn to, if the UK's savings gap is to diminish, the mutual deems. Responding to the FSA's 'The Financial Risk Outlook 2004' out last week, which stated consumers must take responsibility for their finances, RLMA says this will not happen until people are made aware it is up to them to find means to provide for their future. David Hughson, deputy CEO and head of sales & marketing at RLAM, says: “Telling people that they need to take responsibility for their finances is...