As society fast becomes cashless, a recent review has called for extra safeguards to support the cash infrastructure in the UK8.

A significant number of people and businesses are still reliant on cash transactions on a daily basis, and it is feared that the move towards an entirely digital future would negatively impact over eight million adults in the UK, who would struggle to cope in a cashless society.

There have been calls for Parliament to hand extra powers to regulators and introduce rules forcing banks to provide suitable access to cash for customers. 8Access to Cash Review, March 2020

It is important to take professional advice before making any decision relating to your personal finances. Information within this page is based on our current understanding and can be subject to change without notice and the accuracy and completeness of the information cannot be guaranteed. It does not provide individual tailored investment advice and is for guidance only. Some rules may vary in different parts of the UK.

Tax and Estate planning are not regulated by the Financial Conduct Authority

The value of pensions and investments can fall as well as rise. You may get back less than you invested.

Will writing is not regulated by the Financial Conduct Authority. 

cafs logo

Fill in the form below and one of our experts will be back to you within 24 hours.