The Great British financial procrastination
By Kirsten Hastings, 13 May 16
UK adults spend more time organising their music collections, photos, and wardrobes, than they do reviewing their pensions and long term savings plans, according to research from investment savings specialists Standard Life Savings.
Over the course of a year, UK adults spend on average just under seven hours sorting out their music libraries – the equivalent of a day in the office – but only four and a half hours reviewing their pensions.
Over half (58%) just don’t review their pensions at all and, of those that do check their private pensions, the average is only once every nine months.
Of those adults who have lost their pension details, a fifth (20%) seem unconcerned, preferring to live in blissful ignorance.
Click through the following pages to read Standard Life’s tips on how to improve your savings mentality.
Tags: Standard Life