"Constant" government tinkering with personal finance rules has left savers "feeling as though they're on quicksand" and prevented them from saving adequately for their retirement, industry representatives have said.
Speaking at a Momentum UK financial wellness roundtable, Unbiased.co.uk CEO Karen Barrett said the "constantly changing landscape" meant educating savers felt like "fighting a losing battle". Research from Momentum UK's latest financial wellness index indicated once again UK adults were not saving enough. Of 2,000 adults polled, two in five (42%) had no savings or investment products outside of their main bank account, while a similar number (43%) said they had no workplace or private pension. Barrett said: "I do blame the government a bit. We've had TESSAs, TOISAs and ISAs. If they s...
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