Up to a third of Britons failed to save anything during 2006, according to figures published by Alliance & Leicester.
This comes on top of the one in five who failed to save as much as planned throughout the year. Meanwhile, roughly four in ten, 42%, who did save could not resist dipping in to their savings, the lender says. Having failed thus far, some 80% of those surveyed state they see 2007 as the year in which to turn around their savings culture. About a third say this is because the have finally realised the ”serious implications of not having adequate savings.” Still, close to six in ten still say they will only save when they can afford to, rather than commit to a regular saving scheme. An...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes