People who look after their health are likely to be better at managing their money, suggests research from Legal & General.Seventy-one per cent of the 1,000 people questioned in L&G’s survey admit to having an unhealthy or unbalanced lifestyle compared with 29 per cent who claim to have a healthy regime. The 17 per cent of respondents who are unhealthy – taking no exercise and no interest in what they eat – also make the worst money managers, with 73 per cent not planning and saving regularly. Of the 54 per cent of res- pondents who admit that they have an unbalanced lifestyle, either exercising but not watching what they eat or vice versa, 58 per cent are failing to plan financially. The survey shows that fitness fanatics are the best money managers, with 57 per cent planning their finances and saving regularly. Marketing director Garry Skelton says: “The number of people who have made the connection between balancing a healthy diet with regular exercise is still low, let alone taking this to the next stage and realising that there should be a balance between health and financial matters.” Wingham Wyatt Financial Services director Jon Kearney says: “This is news to me but I suppose there is some logic in saying that someone who is disciplined and organised enough to go to the gym regularly will be more likely to have the discipline to manage their finances better.”
A major factor determining the relative performance of an equity portfolio is the proportion devoted to big and smaller companies. It is not unusual for the leviathans to outpace the minnows (or vice versa) by 10 or 20 per cent in a single year.
As his beloved football team, Ipswich Town, battle it out for a chance to join the big boys in the Premiership next season, so Suffolk Life’s chief executive is relishing the prospect of captain- ing a niche player in the growing Sipp market from next April. James Phillipps finds he is confid- ent of helping 25,000 or more clients to achieve their goals
Fidelity has reduced the annual charge on its UK index tracker fund to 0.1 per cent from 0.5 per cent and says investors in trackers could save a total of 55m by switching. The total expense ratio for the Moneybuilder index fund falls from 0.7 per cent to 0.3 per cent, which Fidelity says is […]
Millfield is producing a series of advice suitability guides for members who still need help with documentation when facing rising compliance standards. The series will launch at the end of September and a total of 15 guides will be issued throughout the rest of 2005. They will be available online by the end of the […]
This guide from Johnson Fleming, entitled ‘Choosing an auto-enrolment provider’, will take you through some key questions you need to ask and what information you want to be finding out in response to these.
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The Financial Services Compensation Scheme has declared self-invested personal pension operators Stadia Trustees, Brooklands Trustees and Montpelier Pension Administration Services in default. The lifeboat fund has received around 150 claims for compensation relating to the three businesses. Those claims relate to how the businesses set up, operated and administered Sipps through which people invested in […]
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