4 in 10 to use savings to cope with pandemic

More than four in ten (45%) British savers expect to draw cash out of savings and investments to cope with the impact of Coronavirus on their household’s finances.

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Scottish Friendly doubles AUM with Canada Life deal

Scottish Friendly has completed the acquisition of a large book of life and pensions policies from Canada Life in a move which will see its assets under management more than double to over £5bn.

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Editor’s Comment: Why fearful savers shun investing

I’ve felt for a long time that what the fund management sector offers, and Financial Planners and advisers in turn recommend, is often far from what investors want to buy and two surveys this week back up that view.

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4.4m savers reject investing due to fund confusion

More than one in three regular savers has avoided investing because there are too many funds to choose from, they say.

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