With consumers often keeping too much of their savings in cash forming part of the backdrop, in December the FCA and Treasury put forward proposals for closing the advice gap in a policy paper, in which one of three proposals was for a simplified advice regime.
Although initiatives such as simplified advice have their part to play in increasing the uptake of investing, there is also the case of simply raising awareness, and this includes via online financial guidance pages.
A cursory look at such pages on how to save for a mortgage deposit often make no mention of investing, but include tips like selling unwanted items, and getting a loan or gifted deposit from the bank of mum and dad.
So while proposals such as simplified advice have their part, let’s get investing into the mainstream consciousness first.
Chloe Cheung is a senior features writer at FT Adviser
