FCA warns retail customers that cash could be invested for higher returns

Mark Incledon, Group CEO quoted in Wealth Adviser, 4th December 2020

“There’s a strong case that cash savings products should carry a warning about how their real value declines due to inflation.”

“More than GBP40 billion was put into cash ISAs last year alone and this is a good illustration of the problem. The public need to understand that due to inflation, they are losing money in real terms.”

Read more: https://bit.ly/36CKd3O

More stories

28 Feb 2022

UK millennial millionaires double in a year

Read more

28 Feb 2022

Young UK millionaires hit record high

Read more

Top

Get in
touch