Car Insurance

← Back

Singletons - save up your Car Insurance savings

Thu, 19 Jan 2006

Singletons are being advised to cut back on outgoings in order to fund their long-term financial needs.

A survey from IFA Promotion concludes that around one in ten UK singletons are not in full control of their finances and should consider making savings on products such as Car Insurance to help boost their retirement funds.

The study also discovered that over half of the UK adult population are not willing to cut back in order to save for their old age despite growing media reports about the UK savings gap and plans to raise the state retirement age.

"Retirement seems a long way off when you are in your late twenties or early thirties but if you don’t start planning for your pension in time it will have a serious effect on your future lifestyle," said David Elms, chief executive of IFA Promotion.

He added: "The only sure-fire way to solve this dilemma is to take some responsibility for your long term finances now and get saving."

By shopping around for the most competitive deal on Car Insurance cover many drivers could help set aside enough money to get their saving off to a good start.


© 1998-2005 DeHavilland Information Services plc. All rights reserved.

Endsleigh Insurance Services Limited is authorised and regulated by the Financial Services Authority. This can be checked on the FSA Register by visiting its web site at www.fsa.gov.uk/register.
Endsleigh Insurance Services Limited. Company No: 856706 registered in England at Shurdington Road, Cheltenham Spa, Gloucestershire GL51 4UE.