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Improve financial literacy before overhauling savings products, UK lawmakers say

( October 25, 2025, 00:03 GMT | Official Statement) -- MLex Summary: The UK finance ministry should focus on improving the nation's financial literacy instead of planning an overhaul of cash savings products, lawmakers from the UK Treasury Committee said in a report released Saturday. In an attempt to push consumers to invest in stocks and shares, rather than in cash, the ministry is considering reforming the most popular product of that type: the Cash Individual Savings Account. Following an inquiry into the matter, lawmakers argued that improving access to advice and to financial education would be a more effective way to persuade people to invest in stocks and shares.Report is attached....

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