Advisers face surge in queries on what to do with extra cash
More Isa allowances are being utilised, while older generations show greater interest in gifting The pandemic has brought huge financial challenges for many individuals and savers, but it has also dramatically boosted savings in the UK. The savings ratio, often cited as worryingly low over the past decade, has soared and some advisers are adapting their advice accordingly. Households collectively saved around £17.5bn ($24bn, €20bn) a month in the first lockdown, a similar sum in the second and it seems very likely they are doing so again. The savings ratio hit 29.1% in the second quarter,...
Source: international-adviser.com