Britons resolve to save better

30 December 2006
One in three Britons will make New Year resolutions about their finances, research from F&C Asset Management has found.

Of those who plan to make New Year resolutions, 43 per cent said they would certainly be making resolutions based on their finances – and another 36 per cent are considering it.

But the survey also found many Britons deflect responsibility for their financial position onto the government – as many as seven in ten claimed the government doesn't do enough to encourage consumers to save.

F&C claims that most Britons would like to pursue the Isa (Individual Savings Account) route to improved finances, although financial advisors remain divided over the prudence of taking out an Isa in some cases.

The majority of respondents, it reports, would favour an increase in the Isa allowance when the next Budget comes round.

The finding could reflect an unwillingness to take full responsibility for putting your financial house in order.

Unsurprisingly, there's also a gap between intention and achievement on New Year resolutions.

"Almost half of those intending to make [resolutions] readily admit that they are unlikely to keep them beyond January," noted Jason Hollands, head of communications at F&C.

"Only 17 per cent are confident that they will stick to their guns throughout 2007."

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