NS&I finds hardcore non-savers

clock

Latest quarterly savings figures published by National Savings & Investments suggests there is a developing "hardcore" of people who simply do not save, boosting the overall non-savings rate, which remains stubbornly high.

For various reasons, some 45% of the adult population currently is not engaged in regular savings, NS&I states. Some of the savings message is getting through, with the latest quarterly results – based on a survey carried out between December through February on 1,972 people aged 16 and over – also suggesting it was the second-best period for net savings since the executive agency started publishing its figures in the autumn of 2004. The net savings ratio hit 6.90% in the period, down from the 7.16% in the autumn of 2005, but ahead of the three quarters beforehand. The latest savings ...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Investment

Partner Insight: Is tech a double-edged sword for advisers?

Partner Insight: Is tech a double-edged sword for advisers?

Sponsored by Flagstone
clock 28 November 2024 • 1 min read
UK funds hit by £31.5bn in outflows so far in 2024

UK funds hit by £31.5bn in outflows so far in 2024

Passive UK-domiciled index funds gathered more than £14bn year-to-date

Giovanni Cafaro
clock 26 November 2024 • 3 min read
Lessons from the titans of Spanish football: Taking a long-term view on Europe

Lessons from the titans of Spanish football: Taking a long-term view on Europe

Lessons for investors from Real Madrid and Barcelona

David Walton
clock 25 November 2024 • 4 min read