Record-low savings ratio 'paints misleading picture' - research

clock
Former pensions minister Sir Steve Webb believes households have not stopped saving to go on a debt-fuelled consumer spending spree
Image:

Former pensions minister Sir Steve Webb believes households have not stopped saving to go on a debt-fuelled consumer spending spree

UK households have not stopped saving to go on a debt-fuelled consumer spending spree, according to research from Royal London, despite official figures revealing the savings ratio is at a record-low.

The insurer's paper Has Britain really stopped saving? casts doubt on the meaning of the data supplied by the Office for National Statistics (ONS) earlier this year, and cautioned against policymakers...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions member?

Login

More on Canada

Pension funds keep Canadian M&A activity afloat

CANADA - Canadian pension funds kept mergers and acquisitions (M&A) activity in the country afloat in the third quarter, according to PwC.

clock 01 November 2011 •

Canadian longevity risk transfer market could hit $20bn

CANADA - The nascent Canadian longevity risk transfer market could hit $20bn by 2020, Swiss Re finds.

clock 26 October 2011 •

OTPP, Illinois TRS invest in NXT Capital

CANADA/US - Teachers' Private Capital, a unit of the C$107.5bn ($106.4bn) Ontario Teachers' Pension Plan, and the $37.3bn Teachers' Retirement System of the State of Illinois have made equity investments to finance company NXT Capital.

clock 26 October 2011 •
Trustpilot