Sunday 28 December 2014

Savers now 'more open to riskier investments'

Edel Kennedy

Published 05/08/2014 | 02:30

IRISH consumers are increasingly likely to diversify their savings into risky investments in order to maximise their return.

The easing in the risk-averse mindset of consumers is further evidence of growing confidence in the Irish economy.

A survey by the Professional Insurance Brokers' Association's (PIBA) 860 member firms shows that 23pc of people are classified as risk averse, down from 30pc a year ago.

The findings show that the top reason for saving this year is for a first home. This compares to a 2013 survey when the main reason for saving was to provide a college fund for their children.

Irish Independent

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