Britons have the lowest appetite among their G7 peers for investing in the stock market, according to a new study that showed personal wealth in the UK was mostly tied up in housing, pensions and cash.
UK savers invested just 8 per cent of their wealth directly into equities and mutual funds compared with 33 per cent in the US and an average of 14 per cent across the remaining five G7 nations, according to an analysis of national accounts by Abrdn.
The asset manager has repeatedly called on the government to encourage share ownership to help stave off what it sees as a crisis in retirement. There are “questions around how far [the UK government] can support an ageing population . . . and retirement pots will increasingly fall short…
