UK - Education is a key factor in motivating people to save for the future, research by Scottish Friendly shows.
Its survey found that 43% of respondents agreed that learning about saving from an early age would make them more inclined to save.
The availability of tax-free advantages in financial products was also found to be an important factor in encouraging saving. Some 35% of people agreed that tax advantages would make them more likely to save.
A spokesman said: “More people these days are realising the pitfalls of not being as aware of financial services products as they should.
“This survey shows the level of work that needs to be done by the financial services industry.
“If the FSA conducts education properly, the British public will be behind it.”
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