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.
- Top trends
- Top trends
- Revealed: Fidelity International director investigated over harassment claims
- Lifetime allowance 2018/19 increase confirmed but pensions absent
- How much are advisers charging for pension transfers?
- Steve Bee: Why still no justice for Waspi women?
- Robert Reid: Don’t let social media comments diminish our profession
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
Transact saw funds under direction marginally increase to £29.8bn in the second quarter of 2018, according to a stock exchange announcement from parent IntegraFin Holdings. IntegraFin listed on the London Stock Exchange in March with a £650m valuation. In a Q2 update today, the company says funds under direction at the close of the three-month […]
The impact of weaker markets saw funds under management at St James’s Place drop in the first quarter of the year, when compared to its Q4 2017 result. In an update this morning, SJP says funds under management at 31 March 2018 were £89.9bn, down from £90.8bn in the previous quarter. On a year-on-year basis, funds under […]
The Department for Work and Pensions expects to spend £96.6bn on the state pension in 2018/19, a 3 per cent increase on the year before. The DWP has detailed its cost estimates in a memorandum sent to the work and pensions select committee, published on its website yesterday. The latest forecast for state pension costs […]