Get set for TEP take-off

With belts tightening and consumers become risk averse, it could be the right time for advisers to promote traded endowment policies to clients intent on squirelling away their money safely

In the current climate, it is little wonder that financial providers are reporting an increased appetite for saving. As belts tighten and the aftermath of the credit crunch becomes clearer, UK consumers are changing their financial priorities - many are reining in their spending and squirreling money away for the future. As a result, advisers need to change their approach to match this new pattern of behaviour. While consumers want to save, the likelihood is that they want investments at the lower end of the risk spectrum and advisers have a key role to play in helping clients build a balan...