Contrarian Investor: The need for a new era of 'auto-savers'

We have all become rather blasé about our low savings rate culture. We know we have binged on debt and tend to sigh about the low levels of savings.

For many economists - and central bankers - it is almost a binary choice. The more we save, the less we spend, which is bad news in a world of low growth. But surely we can encourage measures to boost consumption and persuade investors to save more?   One side effect may be that we could broaden out our risk culture. In reality, we all know most wealth advisers are reliant on a tiny fraction in percentage terms of the UK populace, most of whom are ludicrously over supplied with professionals offering their advisory services. If we can build up a risk-investing culture in the UK, we...