Making monetary plans for their retirement could be top of the to-do list for many people when 2012 arrives.

This is because, according to new research from Gocompare.com, sorting out their finances is the main new year's resolution for the majority of individuals.
The study found 49 per cent of respondents will make assessing their finances and reducing their outgoings a priority.

For the past two years, health and fitness resolutions have been top of the list, but these have now dropped behind monetary concerns.

Business development director at Gocompare.com John Miles said it is unsurprising that finances have become a more pressing concern.
"Traditionally, new year is a time to reflect on the changes we want, or need, to make in our lives," he added.

Making financial plans for retirement well in advance could be advisable, as insight analyst for wealth management at Defaqto Andy Leggett recently pointed out there are an "immense" number of variables people need to take into consideration.

© 2011 Adfero Ltd. All rights reserved. Any views and opinions expressed in news articles are not those of Just Retirement Solutions Limited. News supplied by Adfero DirectNews.