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Banks and building societies still favourite

British households still prefer saving money through banks and building societies to putting their income in other financial assets according to FSA research.


The paper by economist Iftikhar Hussain&#39s says that in spite of the UK&#39s image as being an increasingly share-owning society habits have not changed dramatically over the post-war period.


FSA director of central policy Clive Briault says: “Over the past decade people have put an increasing proportion of their income into financial assets, but bank and building society deposits remain the preferred form of savings.”

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