Released on = June 21, 2007, 1:58 am

Press Release Author = SFL

Industry = Financial

Press Release Summary = A recent survey shows that majority of Brits have no
financial plans for the future.

Press Release Body = London (loans-bazaar) June 19, 2007: A survey from National
Savings & Investments (NS&I), a financial services firm, revealed that 55 per cent
of Brits concede having no financial plans for the future. Strikingly, 15 per cent
said that they do not even think about their finances.

A total of 1533 people were questioned. Around one-third of Britons said that they
do not worry about their personal finance problems because they either expected to
earn more money in the future, receive a windfall of some sort or be able to borrow
money whenever a need arose.

Before you take out personal loans, a financial planning is desirable. But, in the
absence of any financial planning for future, many Brits take out personal loans as
and when the need arises.

Dax Harkins, a senior savings strategist at NS&I, said: \"It\'s a real concern that
such a high percentage of people haven\'t made a financial plan for their future, and
even more worrying that a significant number are basing their financial security on
their future earnings potential.\"

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