ADMIN DIARY

Millennials are being encouraged to set aside a “life admin hour” to help them take control of their finances. The suggestion was made by an investment trust over concerns that young people and students are clocking up debt that they struggle to pay off in later life. The admin hour could be spent using online budget planners, setting savings goals and getting on top of debts. F&C Investment Trust urged the move to coincide with Financial Planning Week last week. Ross Duncton from BMO Global Asset Management says: “Even an hour can make a difference.”