People are losing confidence when it comes to investing their money, according to a new study.
The Standard Life
Among those who are putting money aside, independent
Trevor Matthews, chief executive of UK Financial Services for the firm, attributed the “dramatic” figures to a drop in investor confidence as a result of the current volatile financial markets.
He said: “At a time like this I believe it is important to remind people not to lose sight of the big picture and to continue to adopt a long-term perspective about assets such as property and stocks and shares.”
According to Scottish Widows, there is a recent trend developing of people investing money in property rather than a pension to fund their retirement.
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