Research shows Scots invest more than UK average

Thu, 04 Nov 2010

The average investment into funds and Isas was £7,021, research conducted by Fair Investment has found.

In Scotland, meanwhile, investors have saved £10,757, which is 53 per cent more than the UK average.

On the other hand, those in the South West and Wales were among the lowest depositors in the country, with the Welsh saving 32 per cent below the average at just £4,778.

Those in the West Country, meanwhile, invested 20 per cent less than the £7,021 average at £5,593.

"People in Scotland are out-investing the whole of the UK, which I suppose does go along with the stereotype that Scots are prudent with their cash," commented Nick Scarrett, head of investment and pensions at Fair Investment Company .

"I think it is interesting to see which regions are saving the most, because you would generally expect to see people saving more in the south, where the wages are higher, but our study shows those in the north are generally saving more."
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