for NS&I (National Savings & Investments) at London
24 June 2009
In his Opening Keynote Speech to this Executive Agency of the Government Treasury, Richard Scase outlined what he saw to be some of the key features of the retail savings market in five years’ time. He described some of the emerging market, demographic and life-style trends that are likely to affect consumer investment, savings and spending patterns. He then proceeded to list the features of high performing, leading corporations and how these would need to change to respond to the opportunities of the next five to ten years. It was, he said, important to construct scenarios of the future in corporate planning since, in a decade of growing uncertainties, extrapolated trends from today had very limited predictive capacity. At best companies could construct strategic frameworks rather than rely upon strategic plans. He concluded his speech by listing what he thought to be the key issues that NS&I would face in 2015.