Regular saving 'has become the norm'

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Regular saving 'has become the norm'

Thu 15th Dec 2011

People across the UK are preferring to make regular savings contributions rather than investing in lump sums as a result of the present financial climate, it has been revealed.

Research carried out by Legal & General Investments has shown 48 per cent of savers are choosing to invest monthly rather than on a lump sum basis - a figure that has risen from 12 per cent at this time last year.

Simon Ellis, managing director of Legal & General Investments, said: "The current markets have been challenging and difficult to predict. Investors are rightly amending their investment strategies to cater to this environment and saving regularly is a good habit to get into."

He added that regardless of the state of the markets, the best way to ensure stability is to maintain a balanced portfolio for investors.

Furthermore, research carried out by Credit Action recently showed that many Brits are not budgeting effectively and as such, they are failing to have money left over each month to save.

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