Under plans designed to boost economic growth, the Treasury will look to encourage savers with cash in low-interest accounts to invest their money in stocks and shares instead. Officials said there would be a “review of risk warnings on investment products to make sure they help people to accurately judge risk levels.” The plan will see an advertising campaign to encourage more people into retail investing, with Barclays, Lloyds, HSBC, NatWest, AJ Bell, Schroders, St James’s Place and Interactive Investor all backing the drive. Michael Summersgill, CEO of AJ Bell, said: “Kickstarting an investing revolution could boost household finances and UK capital markets in the process.” He went on to suggest: “Removing friction between cash and investment accounts would create a more flexible system, lifting the psychological barrier between saving and the stock market.”
Savers urged to invest to boost the economy
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