Investment products must evolve to ward off 'savings time-bomb', says new report
Wealth Managers have benefited from more than 8% annual wealth growth on average, however, Covid-19 has introduced a different reality, according to an Oliver Wyman and Morgan Stanley study. Getty ImagesEasy to understand savings and investment produ
Easy to understand savings and investment products that are available to all are urgently needed, a report by the global accountancy and finance body ICAEW found. According to the organisation’s Audit Insights: Investment Management report, high fees, indecipherable statements and a perception of exclusivity means many feel alienated from the investment world, or see it as just something for the wealthy – an issue that has contributed to a savings "time bomb". Philippa Kelly, ICAEW...

This article is republished from www.thenationalnews.com under a Creative Commons license.