Pensions low on resolutions list

Tue, 03 Jan 2006

Many Britons have resolved to start saving money in 2006, but only four per cent listed starting pension funds as one of their new year's resolutions, according to a new survey.

A third of women and a quarter of men plan to start saving money, even though only one in ten women believe they will actually follow through with their good intentions, Friends Provident reveals.

Last year, 87 per cent of those who made resolutions on the first of the year had broken them by the middle of summer, according to research.

The head of investments at Friends Provident, Christine Foyster, said Britons' inability to stick to their resolutions has "almost become a national joke".

But she adds that the tradition is a good thing because it gets people thinking about what they should be doing with regards to saving money, starting pension funds or becoming more health conscious.

"For the one in ten who appear to actually achieve their goals then it's definitely worthwhile. And for the rest of us - it's better to try but fail than not to try at all," Ms Foyster concludes.

The research, carried out on behalf of Friends Provident by online research house 72 Point, showed that Scots are the least likely to still be sticking to their new year's resolution by the end of January.

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