A six year low in annual savings growth, as reported by the BBA today, is "unsurprising" given the current low interest rates and wages, adviser Paul Richardson has said.
The Concept Financial Planning managing director said savers were not given any incentives to save as any money currently deposited in banks was not growing fast enough to make up for low wage growth....
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till