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...
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