Jul 4 2008
Millions of people across Britain feel they would benefit from an independent financial advisory service, according to recent research.
A poll by the Chartered Insurance Institute (CII) found that 45 per cent of people think they would use such a service, while a majority admitted they feel less financial secure as a result of the credit crunch.
Saving for children is a financial priority for many parents but close to 53 per cent of the people quizzed by the CII said they felt less confident about saving now than was the case a year ago.
"A national service that provides independent, accessible and above all well-trained guidance on financial matters will be a key weapon in the consumer's armoury for financial capability," said director of policy and public affairs at the CII David Thompson.
Meanwhile, the Family Investments company recently suggested that parents would be more likely to contribute to a child trust fund if they had fewer options over how to invest.
