By Gabriel Chen

A NEW Aviva survey lays bare the effect the global financial crisis has had on retail investors in Singapore.

They have become a lot more risk averse and less trusting of financial institutions. However, their trust in Government and media remain strong.

The annual Consumer Attitudes to Saving survey, conducted by British insurer Aviva, found that 48 per cent of the 1,000 or so Singaporeans polled early this year said they have less trust in savings providers than they used to, up from 29 per cent in 2008.

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