Over half of savers have no long-term goal

The result of the online poll, designed to gauge consumers' attitudes towards financial planning issues in Financial Planning Week, has concerned advisers, who argue life planning and cash flow modelling are vital to help consumers save for the years ahead. However, the poll also revealed almost 80% of respondents are not putting off saving until a later date. Nick Cann, CEO of Institute of Financial Planning warns not enough is being done to set out long-term goals. "Life planning and Cash flow modelling are essential parts of the process," he says. Furthermore, Dennis Hall, cert...