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Financial Planning

Financial Planning. Fieldwork: 15 th – 18 th November 2013. How often, if at all, would you say you worry about money?. All of the time. Most of the time. Some of the time. Rarely. Never. Don't know. Base: All GB adults (2034) .

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Financial Planning

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  1. Financial Planning • Fieldwork: 15th – 18th November 2013

  2. How often, if at all, would you say you worry about money? All of the time Most of the time Some of the time Rarely Never Don't know Base: All GB adults (2034)

  3. For the following question, a 'household' is defined as either one or more persons (not necessarily related) who live together AND who manage food and household expenses as one unit.Which ONE of the following statements BEST describes how well your household is keeping up with bills and credit commitments at the moment? I am/ we are keeping up with all bills and credit commitments without difficulties I am/ we are keeping up with all bills and credit commitments, but it is a struggle from time to time I am/ we are keeping up with all bills and credit commitments, but it is a constant struggle I am/ we are falling behind with some bills or credit commitments I am/ we are having real financial problems and have fallen behind with many bills or credit commitments I/we don’t have any bills or credit commitments Don’t know Base: All GB adults (2034)

  4. Which ONE, if any, of the following statements BEST applies to you in regards to your Christmas spending budget this year (i.e. 2013)? (If you do not celebrate Christmas or do not intend to spend anything on Christmas this year, please tick the 'Not applicable' option) I’m confident I can afford to spend what I like this Christmas I have already worked out what I will be spending and I will definitely stick to it I have a vague budget in mind but I probably won’t stick to it I am not setting a budget as I don’t want any constraints on my spending I have no idea what I’ll spend but I’ll worry about it afterwards None of these Don’t know Not applicable - I do not celebrate Christmas/ don't intend to spend anything on Christmas this year Base: All GB adults (2034)

  5. Which, if any, of the following changes would you be likely to make in 2014 when it comes to managing your money? (Please tick all that apply) Reduce my monthly spending Increase the amount I save each month Set out a clear weekly/ monthly budget that I will stick to Reduce the amount of debt that I owe Start contributing to a new pension plan Increase my contributions into a current pension plan(s) Seek better returns from my existing savings/ investments Make sure my family is protected against unforeseen events such as long term illness or premature death Make a comprehensive financial plan (e.g. identify goals, prioritise costs and make a schedule of how and when these will be financially achieved) None of these Don't know Base: All GB adults (2034)

  6. In general which, if any, of the following statements apply to you when making financial planning decisions? (Please tick all that apply) I usually make my own financial planning decisions I usually speak to an Independent Financial Adviser (IFA) to help me make financial planning decisions I usually speak to my bank manager to help me make financial planning decisions I usually speak to a Financial Planner who is a Certified Financial Planner professional to help me make financial planning decisions I usually speak to an accountant or a solicitor to help me make financial planning decisions I usually speak to friends, family or work colleagues to help me make financial planning decisions I don’t proactively plan my finances and don’t intend to I don’t proactively plan my finances but I would like to None of these Don't know Don't know Base: All GB adults (2034)

  7. Which, if any, of the following do you currently have in place? (Please tick all that apply) An up-to-date will A provision for potential inheritance tax liability on my estate after my death Saving(s) for my retirement which I'm confident will provide the income I need in retirement Saving(s) for my retirement but I’m not sure it’s enough to provide the income I need in retirement Saving(s) for my retirement but it’s definitely not enough to provide the income I need in retirement Saving(s) for emergencies and other goals Income protection against unforeseen illness or accident that might prevent me from working Life insurance to protect my dependants in case of premature death A comprehensive financial plan (e.g. with goals identified and prioritised with costs and a schedule of how and when I will be able to achieve them financially) None of these Don’t know Base: All GB adults (2034)

  8. Which, if any, of the following are your fears about the current economic climate and how they are likely to impact you and your finances? (If you don't have any fears about the current economic climate and how it impacts on your finances, please tick the 'Not applicable' option) A return to recession Increases in taxation Zero or below inflation wage or pension increases Potential rises in interest rates Universal credit Inflation – rises in the cost of living Unemployment or job insecurity Low interest rates affecting the returns on my savings Challenging stockmarket conditions affecting returns from my investments Other Don't know Not applicable - I don't have any fears about the current economic climate and how it impacts on my finances Base: All GB adults (2034)

  9. Thinking about financial advisers/ financial planners, what do you think the major benefits of using a financial adviser/ financial planner would be? (Please tick all that apply) They understand my financial situation and come up with a long term plan that best suits my needs. They save me money by getting me the best value products that suit my needs They can research the entire market and recommend the most appropriate investment products for me They are able to easily spot new and emerging investment opportunities that suit my needs They help me to establish my financial priorities and goals and put plans in place to achieve them They give me confidence in making investment decisions They are a trusted source of opinion and advice They help to save me time when making my investment decisions They unravel the complexity of the financial world for me They give me peace of mind that my financial affairs are in order and are being regularly monitored I can’t think of any benefits Other Don't know Base: All GB adults (2034)

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