Changing Fortunes: Setting guidelines for financial well-being
Many people in the UK are severely under funding their financial future. At J.P. Morgan Asset Management, we believe there is a widespread lack of understanding as to how individuals can plan their finances most effectively.
As a result, we have produced Changing Fortunes: Setting guidelines for financial well-being in the UK. It examines how we believe it is now appropriate and expedient to set out clear guidelines for good financial planning.
The report looks at a number of issues including:
The mistakes we're making
- The perception gap - underestimating how much we need to save
- A nation of savers - but not investors
- Tackling the debt silo
- Squandering tax breaks
Getting the message across
- How much debt is too much?
- Getting our priorities straight – 5 financial steps to well-being
- How much should people be saving – the 15% rule
Word on the street
Watch our video to see and hear what other people have to say about their own personal financial situation.
We have also developed a unique and easy-to-use tool – The J.P. Morgan Debt Obesity Scale TM . This tool has been devised by J.P. Morgan Asset Management to assist you and your clients in gauging their financial well-being by using a simple calculation that looks at their levels of secured and unsecured debt relative to their income.
“There is now an urgent need to communicate clear and universal messages as to what constitutes good financial planning, and what doesn’t”.
Jasper Berens, Head of UK Sales at J.P. Morgan Asset Management
Changing Fortunes: Setting guidelines for financial well-being in the UK
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The J.P. Morgan Debt Obesity Scale TM
How much debt is too much? »
Complete our obesity scale to gauge your financial well-being