Tech take-up may engage more young savers

"So the wealth tech sector has an opportunity to reduce the cost of giving good investment service to more people, and younger people are used to organising their finances on apps, so this could be a way forward."

In June, data from Experian found that, since the start of the Coronavirus pandemic, six in 10 Britons reported having increased financial awareness, 35 per cent had increased their knowledge of financial matters and 30 per cent had actively researched financial advice and guidance to help support themselves during this time.