Majority of retirement plans done 'in people's heads' or not at all - survey

The research found about 72% of the UK public had formed some idea of how they would retire but of those 70% had not written down a formal retirement plan - advised or non-advised. The trend also affected higher earners - those earning more than £250,000 - of whom two-thirds (64%) were not using a financial adviser. At the same time, the public seemed to recognise the value advice can bring, with almost half (48%) saying they felt a financial adviser was "important" to retirement planning or generating income after retirement. Franklin Templeton warned of a "severe and chronic" lac...