Only then will we start to make progress in achieving the FCA’s own goal to reduce the number of consumers with higher risk tolerance holding more than £10,000 in cash.
Encouraging a stronger retail investing market in the UK is beneficial for both the economy and for individual financial empowerment. The chancellor has declared that economic growth is the UK’s "national mission". Better investing must – and needs – to pay a key part in delivering that mission.
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Read Barclays’ full report and policy recommendations, “Empowering retail savers to engage with investing: the role of public policy”, on the Barclays UK Unlocked website.
Sasha Wiggins is chief executive of Barclays Private Bank and Wealth Management
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