Why Financial Apathy could be costing us thousandsand how we could start making savings

Key metrics

With pensions have never changed pension provider40% Have never

changed their banks21%

Haven’t changed utility provider in the last 3 years55% With stocks and

shares have never changed them33%

Research conducted by Crowdstacker amongst 1,000 UK adults in September 2015.

How often do we switch ?

We only make changes, on average, once every 5 years, so opportunities to grow our savings and maximise our

investments are missed.

Why don’t we make changes?

vs

Research conducted by Crowdstacker amongst 1,000 UK adults in September 2015.

Crowdstacker Research

Said they don’t follow their investments or the markets for

competing products closely

11%Said they don’t know how to begin comparing value and

performance between different providers

28%Of those suffering with “financial apathy” said they don’t want to change the way they do things

35%

Here’s how the costs of financial apathy could break down over 10 years:

£7,365 in pension losses...

* Source: The Organisation for Economic Cooperation and Development, 2012

The average middle-aged pension pot is

£53,000*

But… the average UK pension fund fell by

0.1% every year between 2001-2010*

Meanwhile… the FTSE 100 index rose 13% over same period

2001-2010

So… by tracking the FTSE 100 £53,000 could turn into £59,890, while an average performing fund would have lost

money

The average UK household saves

£16,400*

50% of our surveyed savers hold a cash ISA

Save £16,400 in a cash ISA:

A good cash ISA savings rate of

1.51% = £247.61 per year interest

A poor cash ISA savings rate of 0.1% = £16.40

per year interest

Cash ISAs

£2,500 in savings losses...

Over 10 years, the compound

interest lost with the poorer

product amounts to £2,500

* Source: The Office for National Statistics

The Average UK household saves £16,400*. If they put 10% of that savings pot, £1,640, into a peer-to-peer lending product targeting 5.5% annual return AND keep the rest in a good cash ISA they could receive £3,299 in interest over 10 years compared to putting 100% of the money in the lowest performing cash ISA.

Earn £3,299 by including Peer to Peer lending…

* Source: The Office for National Statistics

Peer to Peer Lending

People could save up to £512* a year by switching their gas and electricity provider

£5,120 lost by sticking with expensive utilities

Utilities

* Source: http://www.uswitch.com/gas-electricity/

Read the full article at www.crowdstacker.comYour capital is at risk if you lend to businesses through peer-to-peer

lending. Peer-to-peer lending is not covered by the Financial Services Compensation Scheme FSCS. Tax treatment may be subject to change.