Zurich has warned of a "gap in consumer awareness" after a survey for the group revealed more than a third of savers could not say how they would go about defending their money against rising inflation.
Some 37% admitted they did not know how to do so, with the proportion rising as the age range fell - 43% of those aged 18 to 24 being unsure compared with 29% of those aged 65 and above. The findings followed the news UK inflation reached 2.3% in February and stayed there in March - its highest level since September 2013, according to figures from the Office for National Statistics. Last November, the National Institute of Economic and Social Research thinktank predicted inflation could soar to 4% during the second half of 2017. This represented a significant rise on its previous fore...
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