Karen Barrett, Chief Executive of unbiased.co.uk, comments on the rate of consumer price index (CPI) inflation increasing to 2.9% in june

16 Jul 2013

“With inflation now at a fourteen month high, cash savings and deposits are struggling to keep up. But despite the current low-interest environment and lack of inflation-busting savings accounts our latest data shows that cash savers are holding back from looking at all their options, with nearly two thirds of savers (61%) staying away from investing.  With the continuing squeeze on finances, it’s crucial that savers are considering all the options to ensure their money is working hard for them. We know that the potential risk factor of the markets is putting savers off, as nearly a third (31%) of cash savers feel investing is too risky, while one in five (20%) are worried about making the wrong choices.  But finding an expert who specialises in investing will give you the right guidance and advice to make sure your choices are appropriate for your current financial situation. To find a whole of market financial adviser visit www.unbiased.co.uk.” 

ENDS

For more information contact:

Anna Schirmer/ Emily Falla/ Kate Aitchison, Lansons Communications: 020 7294 3682

 For expert commentary or case studies from over 200 media-friendly advisers, journalists should visit unbiased.co.uk Bluebook - The Media IFA Network

Twitter: @unbiased_co_uk

LinkedIn: Unbiased.co.uk - Online networking for professional advisers

 About unbiased.co.uk, the professional advice website

 Unbiased.co.uk is the UK's most comprehensive free professional adviser search website, focused on empowering users with the resources they need to make better informed financial and legal decisions.  We not only help consumers and businesses find the best adviser for their needs from over 20,000 IFAs, financial advisers, mortgage advisers, solicitors and accountants listed on our search but we also help them research the market by providing relevant information and tools.  At unbiased.co.uk we like to be transparent about what we do and aim to provide the easiest way for consumers to find and compare advisers meeting their requirements.

The unbiased.co.uk website launched in 1998 and rapidly became the UK’s leading online destination for consumers and businesses looking to find an adviser.  Now attracting over one million visitors a year, unbiased.co.uk is the default adviser directory for consumer websites recommending their audience to ‘find an adviser’.

Unbiased Ltd promotes the benefits of financial and legal advice to consumers and businesses and would like to thank the following companies for their support:

Alliance Trust

NS&I

Aviva

Opinium Research

AXA Wealth

Prudential

Bright Grey

Royal London 360°

Canada Life Ltd

Schroders

Clerical Medical Investment

Scottish Life

Hearthstone Investments Plc

Scottish Widows Plc

Legal & General

Standard Life Assurance Limited

Lockton

TaxCalc

MetLife

Zurich Intermediary Group

Unbiased Ltd - Registered Office: 12-14 Berry St, London, EC1V 0AU.  Registered in England: No. 06775878.

Category: News Tagged:


More press releases on News