Alastair Black, Head of Savings Policy at abrdn has commented on long-term savings and investing policy ahead of the Autumn Statement. Alastair’s comment can be seen below:
“Ahead of this Autumn Statement, speculation is already swirling about what changes may be ushered in.
The most important thing we need on long-term savings and investing policy is stability. With a General Election on the horizon all of the main parties are setting out their stall on financial stability. We need this to feed through to all long-term savings policy – particularly on pensions and ISAs.
If the UK Government wants to encourage long-term savings and investment in the UK they need to give confidence to investors that pension and ISA policies aren’t highly volatile and will not be used as political footballs. This will underpin the delivery of good advice and give people the confidence they need to make and maintain long-term plans.
Outside of any specific changes, it’s measures that deliver this that we’ll listening most closely for as the Chancellor takes to the dispatch box. Where any new developments are announced, we’ll want to see evidence that they have been planned with a long-term view in mind. And, we’ll be looking to see that they are in line with consensus from policymakers and the industry so that there can be confidence that they can be upheld and maintained.”
