AIFA and Aegon deliver blueprint for rebuilding UK savings culture

Scott Sinclair
clock

Chancellor George Osborne is being urged to honour his pre-election pledge a Conservative government would restore Britain's savings culture.

AIFA, in association with insurance giant Aegon, has produced a White Paper which includes an eight-point plan it says would encourage saving if implemented. Additionally, it says its proposals, which include reintroducing savings clubs in schools and removing the £150 tax limit for financial advice for employees, could be implemented "quickly" by the David Cameron-led coalition. "Given the current economic challenges, we believe it is vital the new Government acts decisively to restore a savings culture in the UK," AIFA director general Chris Cummings says. "Individually, and as a...

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 Your profession

Low number of FTSE 100 female CEOs 'just not good enough' - Andrea Montague

Low number of FTSE 100 female CEOs 'just not good enough' - Andrea Montague

Senior leadership in financial services is attainable for women

Jenna Brown
clock 23 April 2025 • 3 min read
IFAs must show empathy not judgement during tough client life events

IFAs must show empathy not judgement during tough client life events

Financial implications of life events and what women need to consider

Jenna Brown
clock 23 April 2025 • 4 min read
HL co-founder Peter Hargreaves to rejoin board after £5.4bn takeover

HL co-founder Peter Hargreaves to rejoin board after £5.4bn takeover

Co-founded platform in 1981

Linus Uhlig
clock 22 April 2025 • 1 min read