Returns On Savings For Senior Citizens

EDM number 418 in 2016-17, proposed by Gregory Campbell on 07/09/2016.
Categorised under the topics of Elderly people and Financial services.

That this House acknowledges the extreme difficulties being faced by senior citizens, millions of whom depend on the interest from savings they have accrued over their working lives and now see negligible rates of interest, many close to zero, meaning they receive miniscule returns on those savings; and calls on the Government to liaise with the financial services industry so that products such as investment trusts and unit trusts that offer competitive rates can be marketed and understood much more easily and accessed by people who previously may have been averse to any risk-based products, particularly in circumstances when some investment trusts have increased their annual dividend payments year after year for decades.

This motion has been signed by a total of 13 MPs.