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Two thirds of Britains don&#39t save says Allied Dunbar

Two thirds of Britains made no effort to save money in the last two years according to research by Allied Dunbar.

More worringly still this figures rises to almost 80 per cent for people between the ages of 16 to 24 years old.

The research shows Isas have been the most popular form of investment over the last two years capturing 40 per cent of the market and reveals as many people were saving for "nothing in particular" as were saving for retirement.

The research conducted by Gallup interviewed 2081 people from August 23 to September 7, 2000 and found of the 80 per cent of people taking advice on savings and investment products only 17 per cent would see a professional.


&#39Watchdog will make industry play catch-up&#39

The rest of the industry will have to play catch-up to meet IFA standards when the new financial ombudsman scheme comes into force next year, says a spokesman for the service. The current PIA ombudsman scheme, which includes IFAs, is being used as the template for much of the regulatory structure of the new scheme, […]


Change is a funny thing and I am not talking about the stuff that jangles in your trousers. It is the sort of thing you sometimes hope will happen but, when it does, you wish it had not. You can never get it exactly right. Change is occurring everywhere, not least on top of my […]

Flexi mortgages set to dominate in the near future

The year of the millennium was hardly a landmark for mortgages. After a flurry of product innovation in preceding years nothing really new appeared during 2000. The flexible mortgage continued its march towards market dominance but Standard Life Bank did not repeat their major market success of 1999. It didn&#39t take the others very long […]

Widows&#39 promise on cheques backlog

Scottish Widows is promising to process 95 per cent of life insurance surrenders and cancellations within three days rather than the current 10 in the face of pressure from independent advisers. But some intermediaries remain dissatisfied. Many are still waiting for demutual isation cheques following Widows&#39 takeover by Lloyds TSB earlier this year although the […]

Keep calm and carry on?

We British are known for our stiff upper lip and just getting on with things. It’s part of our quirky cultural behaviour – like forming orderly queues, or saying sorry when it’s not our fault. Many of us just aren’t that great at talking about what’s bothering us. But if someone feels that the stresses […]


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