Proposals for better savings

A different approach is needed to encourage more people to save in the UK but ideas have been few and far between

There has been lots of talk about the current state of long-term savings and how people are not saving enough, but ideas for tackling it have been thinner on the ground. It is in the knowledge that there is a real appetite for new ideas that the IMA last week launched some radical proposals for simplifying fund taxation. True, they do not solve all the world's problems. But we see them as a serious contribution to the debate. The background is one of demographic and institutional changes, which make personal saving increasingly important. The ratio of the number of people over 60 to t...