A national advice service 'would increase saving'

The study, published by the Resolution Foundation at a conference this morning, says the number of people on low to moderate incomes who invest in long-term savings and insurance products would increase if the plans are given the green light. It also says levels of debt and credit would be reduced and the financial service market would be made more sustainable. Based on just 10% of low earners acting on the advice they receive, the research, carried out by the Deloitte Foundation, suggests within four years of making generic financial advice available: New contributions to medium-term s...