Phoebe Hugh

• Hugh said she sees consumers hugely overspending on insurance.
• Ford said the psychology of saving is a hugely complex and difficult subject. The relationship between spending and saving and is being wrapped-up in “spending being the enemy of saving.” People also tend to say one thing and do another, he adds.
• Savova, meanwhile, said one of the problems with ‘roundups’ – an increasingly popular method of saving for financial apps - is that it hard to save a meaningful amount and then when someone’s pot does become large people tend to withdraw it.
• Scalable Capital’s CEO Miller adds that recent hype around cryptocurrencies won't cross over into the savings industries.

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