'Reckless caution' costing savers as inflation bites

clock • 2 min read
Claire Limon, network director at The Openwork Partnership

Claire Limon, network director at The Openwork Partnership

More than 11.6 million are content to keep all their savings in cash despite ongoing low rates, according to research from financial advice and investment network The Openwork Partnership.

The Openwork Partnership warned about the risks to savers of "reckless caution" - the cost of missing out on higher returns on their money because they stick to cash accounts. It said 22% of adu...

To continue reading this article...

Join Professional Adviser


  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
 Be the first to hear about our events and awards programmes.



Already a Professional Adviser member?


More on Investment General

Image: The latest market news and analysis

Market Movers: Fed poised for another historic rate hike

Potential rate hike of 100 bps

clock 25 July 2022 • 1 min read
Schroders' research sampled 225 UK financial advisers

Macroeconomic and geopolitical worries fuel advisers' bearish outlook - Schroders

‘A rapidly changing investment landscape’

clock 21 June 2022 • 4 min read
Trevor McDonald

Register for Sustainable Investment Festival: In conversation with Sir Trevor McDonald

Final weeks to register

Professional Adviser
clock 07 June 2022 • 3 min read