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Rushing into major financial decisions
Posted on Monday, November 11th, 2013
Filed under: ISIS Wealth Management, Pensions
Are you investing enough time in retirement and pension planning?
As many as four million Britons admit to rushing into major financial decisions and then regretting them afterwards, and the majority of us put more time into planning for Christmas and picking a satellite TV provider than we do into thinking about our financial future.
These are among the findings estimated from a nationally representative survey of 2,000 British adults, which was commissioned by NFU Mutual and conducted by ICM Research during January 2013.
Increasing demands
So why do people spend so little time thinking about financial planning? The increasing demands of modern life mean we are now expected to make thousands of decisions every day, with an increasingly mind-numbing number of options to choose from.
Something as simple as choosing which TV channel to watch can now involve surfing through 500+ channels, where only a generation ago you were lucky to get all five terrestrial channels clearly.
And even something as simple as buying a cup of coffee can now mean choosing between countless flavours, sizes and extras.
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