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HAS YOUR NEW YEAR RESOLVE ALREADY FIZZLED OUT?

- Nearly half of this year’s resolutions haven’t lasted the month - 

 

Just one month on from New Year’s Day and almost half (46%) of the 14 million UK adults who embarked upon 2003 with a New Year’s resolution will have already seen their good intentions fall by the wayside, according to research* from IFA Promotion, the organisation promoting the benefits of independent financial advice.

 

Research shows that 7 million UK adults make the same resolutions year in year out, after failing to stay the distance.  Amongst this year’s most popular resolutions were familiar promises to give up smoking, lose weight and exercise more, plus an encouraging 6 million Brits pledging to tackle their finances in 2003.  But without the support of expert advice and planning, this resolution could well be crumbling already, set to become a long forgotten good intention, that once again failed to last.

 

David Elms, CEO of IFA Promotion commented, “Millions of people started the year with the best intentions, but already many lack staying power.  In order to stick to their financial resolutions in 2003, whether they involve pledging to save more or getting out of the red, sharing their goals with an IFA could increase their chances of making this year’s resolution a success.  “

 

To help you keep to your financial resolution and to help set 2003 off on the right footing, IFA Promotion can provide you with a log book to help keep your finances in order and a list of four IFAs in your area to help. Call the freephone hotline on 0800 085 3250 or visit www.unbiased.co.uk. 

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-          For further information please contact:

 

David Elms                                               Shellie Wells / Liz Willder

Chief Executive                                        Lansons Communications

IFA Promotion                                          020 7490 8828

020 7833 3131

 

For more detailed questions regarding the research, call:

 

Nick Philip

BMRB

020 8566 5000

 

1.  Independent Financial Adviser Promotion

 

IFA Promotion was established in 1989 to promote the value and accessibility of independent financial advice to the public.  It represents over 10,000 firms of independent financial advisers across the UK and is sponsored by 28 leading financial institutions. In 2002, over 300,000 consumers and businesses used IFA Promotion to find local independent financial advice.

 

IFA Promotion’s believes Independent financial advice should be:

 

        Affordable.  The option to take independent financial advice should be available, by right, to all - not just the wealthiest in society.

 

        Convenient.  IFAs should be available in the location of the consumer’s choice, wherever they live in the UK.

 

        Transparent.  It must be clearly transparent to consumers who is able to offer independent financial advice and who is not.

 

2.      Independent Financial Adviser Promotion’s sponsors

 

AMP NPI	Old Mutual Asset Managers
AXA	Prudential
Barclays Global Investors Funds	Scottish Equitable Plc
Bright Grey	Scottish Life
BUPA	Scottish Mutual Assurance Plc
Canada Life	Scottish Provident
Clerical Medical Investment Group	Scottish Widows Plc
Eagle Star	Selestia
Friends Provident	Standard Life Assurance Company
GE Life	Swiss Life (UK) Plc
INVESCO Fund Managers Ltd	Skandia UK Group
Legal & General	The Children’s Mutual
National Savings & Investments	Winterthur Life UK Ltd
Norwich Union Life	Zurich Life Assurance Company