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Fidelity produce election pamphlet

Fidelity has sent out a pamphlet to all electoral candidates setting out its views on how a future government can encourage the restoration of a savings culture.
Fidelity says five areas are in need of address: a simplified system of taxation on savings, continued efforts to make it easy for people to save for their pension, an increase to the annual limit of investment into Isas and long term commitment to the product, financial education in schools and an increase in the availability of financial advice across the UK.
Fidelity Investments UK managing director Richard Wastcoat says: “The UK has a problem: more than one in four individuals have no savings at all, around three million people have no bank or building society account and there is an average of 16,000 per person of unsecured debt. Looking at and tackling ways to encourage people in this country to save should be at the top of the political agenda post 5 May.”

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