Centre for Policy on Ageing
 

 
Savings and investments for low-income consumers
 — a report by the National Consumer Council
Author(s)Jane Vass
Corporate AuthorNational Consumer Council - NCC
PublisherNational Consumer Council - NCC, London, 1997
Pages68 pp
SourcePublications Department, National Consumer Council, 20 Grosvenor Gardens, London SWlW 0DH.
KeywordsSavings ; Investments [elderly] ; Poverty ; Consumer choice ; Financial institutions.
AnnotationThis report examines how well the financial services market provides saving and investment products for those on low or irregular incomes - the choices available, their suitability and value for money. It also discusses how competition in the financial services market, the tax and benefit rules, and the regulation of financial services affect accessibility and value for money. Consumer access and choice are affected by bank, building society and local post office closures, and the low returns from small savings. The report concludes with a number of priority recommendations addressed to the financial services industry, their regulatory bodies and to government, which would give a better deal to those who wish to put by small sums of money and to see their savings grow.
Accession NumberCPA-970415207 B
ClassmarkJDD: JDK: W6: WYC: WNL

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