ARE YOU A SERIAL RESOLVER? - WEST MIDLANDS
3 January 2003
ARE YOU A SERIAL RESOLVER? - WEST MIDLANDS
· Nearly a million people in the
· Over four in ten people will lose their resolve within a month
· 6 million Brits nationwide aim to tackle their finances but planning is central to making best intentions last, says IFA Promotion
Nearly a million (0.97m) people in the
The research, conducted by independent research agency, BMRB*, on behalf of IFA Promotion, shows that overall next year’s most popular resolutions look set to mirror those of previous years:
§ 30% of the
§ Going on a diet is a priority for some, with a 7% resolving to lose weight in 2003.
§ One in ten people in the
§ 17% are vowing to keep fit in 2003.
§ However more than four in ten (46%) will see their resolution fall by the wayside by the end of January.
When quizzed further about their finances:
· Nearly half (47%) of people in the West Midlands plan to save more in 2003, helping address the UK long-term savings shortfall of £66bn, or an average £2,263 for six out of ten people this year alone**.
· 18% plan to combat Christmas spending sprees by vowing to get out of the red in the new year.
David Elms, Chief Executive of IFA Promotion commented, “It’s good to see that amongst the list of New Year’s resolutions, people in the West Midlands are planning on focusing on their finances in the New Year, especially in the current economic climate, when making the most of your money has never been more important.”
He concluded, “Rather than recycle a perennially unsuccessful resolution, this time round we’re urging people to commit to sort out their finances. By sharing some financial goals with an IFA, this may be one worthwhile resolution that lasts through to next year.”
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.
- ends -
For further information please contact:
James Sharp Shellie Wells / Liz Willder
Regional officer Lansons Communications
IFA Promotion 020 7490 8828
01902 850053
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
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
· 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 |
|
|
Scottish Provident |
|
Clerical Medical Investment Group |
Scottish Widows Plc |
|
Eagle Star |
Selestia |
|
Friends Provident |
Standard Life Assurance Company |
|
GE Life |
Swiss Life ( |
|
INVESCO Fund Managers Ltd |
Skandia UK Group |
|
Legal & General |
Tunbridge Wells Equitable Friendly Society |
|
National Savings & Investments |
Winterthur Life UK Ltd |
|
|
Zurich Life Assurance Company |
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