'More saving needed' for financial security
31 March 2008
Consumers need to put extra cash aside to give themselves more financial security, according to Lincoln Financial Group.
Will Hale, head of distribution at the monetary services provider, explains that people will be able to meet their long-term fiscal objectives by saving more.
"No doubt people have been put off investing in equities because of the uncertainty in financial markets but equities tend to outperform in the longer term and people should be making more use of their stocks and shares individual savings accounts (ISAs) to meet their financial goals," he adds.
Saving for your children?
Continuing, Mr Hale suggests that some people may be able to get a better return on their cash savings in the long term by transferring into equity ISAs in the new tax year.
In related news, Moneyfacts recently asserted that the new ISA rules - which allow an extra £600 to be placed into the accounts - can only be positive for consumers.
