UK residents spend almost twice as long searching for each Christmas present as selecting a pension, according to one expert.
This indicates that many Britons are willing to spend more time planning their festivities than organising their personal finance, states George Andrew, head of market relations at Scottish Widows.
"Our research shows that, on average, we spend more time choosing a Christmas present for someone else than we spend on choosing a pension for ourselves," he remarks.
However, Mr Andrew warns that consumers should not let their financial planning slide - as while Christmas is one good day, sound planning could improve the rest of their life.
The research comes from a Scottish Widows study - titled Preparation Nation - which aims to examine the attitudes of Britons to their financial future.
Scottish Widows offers a pension calculator for customers, warning that making adequate savings in the immediate future, rather than waiting for five or ten years, could have a major impact on the total pot.
"Putting off organising a pension plan is easy to do but it could have a long lasting effect," the company states.
Brits put Xmas before pensions, expert claims
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Brits put Xmas before pensions, expert claims
Wed, 06 Dec 2006
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