Investor confidence on the up post-Brexit
In our quarterly conducted ‘Tackling the Savings Gap’ research, we found that sixty-five percent of people expect the value of their investments to go up following Brexit and say now is a good time to invest.
Just a month after the vote to leave the EU, confidence is highest among young Brits, with two thirds of those aged 25-34 confident that their investments will increase in value over the next 12 months. When asked if they would consider adding to their investments now, 60% said they would.
Carried out as part of our wider research in the the UK savings gap, this research forms the basis of of our product development as we seek ways in which to make it easier and more accessible for Britons to save towards retirement.
Despite doom-mongers and scare stories claiming a Brexit vote would lead to widespread devaluations and a loss of confidence, the reverse is happening.
Rising investor confidence comes on the back of news that the UK’s GDP has risen by 0.6%, and the FTSE 250 is back to pre-Brexit levels.
True Potential senior partner, Daniel Harrison, said: “These figures show that people are rightly taking a pragmatic view and remain upbeat despite all the scare stories. Investing is about the medium to long-term and as we break away from the EU, investors should make sure their eggs are not all in one basket.”
The poll was carried out by an independent research company in July 2016 as part of True Potential’s Savings Gap campaign, which began in 2013 and has polled more than 20,000 people in total, making it one of the largest studies of its type.