View more on these topics

Research finds healthy people are the best money managers

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.”

Recommended

Multi-manager View: David and Goliath

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.

Henry catchpole

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 slashes UK tracker fee to 0.1%

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 publishes compliance guides

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 […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment