Paul Feeney, CEO of Old Mutual Wealth and Baroness Stroud, CEO of Centre for Social Justice deliver Help to Save Policy Proposals to No 10 Downing Street
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Paul Feeney, CEO of Old Mutual Wealth and Baroness Stroud, CEO of Centre for Social Justice deliver Help to Save Policy Proposals to No 10 Downing Street

15/04/2016

Baroness Stroud, CEO of Centre for Social Justice, and Paul Feeney, CEO of Old Mutual Wealth, today presented the Prime Minister with the policy proposals that have been developed for the Government’s Help to Save scheme: http://www.centreforsocialjustice.org.uk/publications/help-to-save

Commenting on the Help to Save policy proposals Baroness Stroud said: “This is an excellent incentive to encourage those on a low income to begin to save. 4 in 10 people have less than £500 in savings. Under Help to Save, people will be able to save up to £50 a month and receive a 50 per cent bonus after 2 years – worth up to £600.”

Paul Feeney added: “We’re pleased to support the Centre for Social Justice in the development of the Help to Save Scheme. We’re focused on helping to create prosperity for the generations of today and tomorrow and we hope that the new Scheme will contribute to a long term saving culture and bridge the UK savings gap

Speaking about the scheme’s implementation, Baroness Stroud went on to say, “If this could be delivered through auto-enrolment, and if there was a way to give an extra reward to those on the lowest incomes to save, such as a ‘Christmas Bonus’ for those who did not take money out of their account, it would do even more to boost the savings efforts of the lowest paid.” 

For more information contact:

VEE MONTEBELLO

Director of Communications, Old Mutual Wealth

2 Lambeth Hill

London EC4P 4WR

T: + 44 20 7 778 9550

M: + 44 7872 665149

Notes to editors:

About Quilter plc:

Quilter plc is a leading wealth management business in the UK and internationally, helping to create prosperity for the generations of today and tomorrow.

Quilter plc oversees £116.5 billion in customer investments (as at 30 June 2018).

It has an adviser and customer offering spanning: financial advice; investment platforms; multi-asset investment solutions and discretionary fund management.

The business is comprised of two segments: Wealth Platforms and Advice and Wealth Management.

Wealth Platforms includes the Old Mutual Wealth UK Platform; Old Mutual International, including AAM Advisory in Singapore; and the Old Mutual Wealth Heritage life assurance business.

Advice and Wealth Management encompasses the financial planning network, Intrinsic; Old Mutual Wealth Private Client Advisers; discretionary fund management business, Quilter Cheviot; and the Multi-asset investment solutions business.

The Quilter plc businesses are being re-branded to Quilter over a period of approximately two years:

• The Multi-asset business is now Quilter Investors

• Intrinsic to Quilter Financial Planning

• Private Client Advisers to Quilter Private Client Advisers

• The UK Platform to Quilter Wealth Solutions

• The International business to Quilter International

• The Heritage life assurance business to Quilter Life Assurance

• Quilter Cheviot will retain its name

This press release is for journalists only and should not be relied upon by financial advisers or customers.

Please remember that past performance is not a guide to future performance. The value of investments and the income from them can go down as well as up and investors may not get back any of the amount originally invested. Exchange rate changes may cause the value of overseas investments to rise or fall.

This communication is issued by Quilter plc.  Registered office: Millennium Bridge House, 2 Lambeth Hill, London EC4V 4AJ, United Kingdom. Registered number: 6404270.  Registered in England.