Long-term financial planning proving increasingly difficult

Cash ISAs were the preferred vehicle for those planning over the long-term

Sahar Nazir
clock • 1 min read

Almost a third (31.5%) of consumers find planning financially for the long-term difficult, according to a report from Scottish Friendly and the Centre for Economics and Business Research.

The study, which included a survey of 2,600 UK consumers, revealed that women, parents with children still at home, renters, disabled people, and those classified as long-term sick were particularly likely to find it difficult to plan for the long-term. Nearly a third (32%) of respondents said long-term financial goals – which includes retiring early, paying off mortgages early, or leaving an inheritance for the family – was their main priority. For those planning over the long-term, cash ISAs were the preferred vehicle with more than a quarter of people (25.9%) choosing them over pen...

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