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Threat posed by closing savings gap

I could not agree more with Lorna Bourke&#39s article last week in Money Marketing which gave the real reasons for people not saving.

However, there is one major point I do disagree with. Compulsory pensions, which I believe will come in at least from an employee point of view, will not be inflationary but extremely deflationary.

One point that has not come out of the Sandler or Pickering report is this. If the UK population starts saving and closing that savings gap, where will the money come from?

Clearly, it will come from the money they spend in the shops, on holidays, etc. Indeed, if the gap were closed comp-letely, there would be the mother of all recessions. UK consumer spending fuels about two-thirds of the economy. This is the real dichotomy for the politicians but as usual they can&#39t bear the thought of discussing it.

Mark Dampier

Hargreaves Lansdown,



Taking issue with role of the CA

CA director Sheila McKechnie demonstrates the seamless transfer of consumerists from single-issue research into single-issue six figure income news management in the FT with the headline, If this industry can rip off consumers, it will.From being an unbiased observer, she joins those of the Daily Mail ilk, that is, if it is not news, it […]

Standard Life Sipp&#39s in

Turning to the investment options available, Lewis says: “A wide choice of Standard Life funds, although the choice of external funds is quite narrow for this type of contract. Other companies such as Winterthur, Norwich Union and Skandia have a wider choice of funds.”Harford feels that the range is in keeping with other providers. Boylan […]

Stake or break for housing market

Media speculation over whether the housing boom will end in a crash or a whimper continues unabated. Much depends on interest rate decisions over the coming months and the priority the monetary policy committee gives to tempering the overheating housing market.While many homeowners revel in their growing equity, there is increasing recognition of the downsides […]

Stock lending a cause for concern

Concerns over recent shorting, especially from arbitrageurs who have borrowed stock, are valid so may I propose that stock lending is banned?Other than for nominal adjustments for market-makers on overnight positions, analysing the situation suggests that those doing the stock lending in the first place are not doing themselves any favours anyway.Why do arbitrageurs borrow […]


Guide: 10 required letters — what to send, to whom and when?

This guide from Johnson Fleming will take you through the required communication and also give ideas for additional actions that will ensure your auto-enrolment project is a success. The topics in this guide include: the letters you need to send out; what to send and when; the importance of employee engagement; and what to consider as additional communication.


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