Abacus Daily Debt News

F&C to help those in debt

F&C Asset Management (F&C) has announced it is to help those aged between 35 and 45 resolve their debt and other financial problems by publishing a Financial Life Guide that is formed as a 12-step plan.

According to the organisation’s research, conducted by OnePoll, just below 50 per cent of those in this age demographic feel in control of their cash, while 14 per cent admit to not being in control at all.

The guide - which can be obtained through the body’s investor services team and on its website - comes with a range of suggestions regarding financial planning, including investments, pensions, savings and protection.

Head of global wholesale and marketing at F&C Investments Scott Stevens said: "There is a real need for people in this age group to sort their financial lives out."

It follows the recent launch of a helpline by consumer watchdog Which? that offers callers product comparison tables, an advisory service and other guides regarding money.

By Sarah Adie