Women over 55 are less likely to look for independent financial advice than younger women and men of...
Women over 55 are less likely to look for independent financial advice than younger women and men of their own age, according to RJ Temple.
The survey, which was carried out in December 2000 among 548 investors, showed that only 11.9% of women over 55 would go to an IFA if they needed advice, compared with 44% of women between 25 and 54. By contrast, 30% of men aged over 65 would seek an IFA's advice. Some 27% of women over 65 would turn to their banks for important financial advice.
RJ Temple also found that 22% of women over 65 did not know where to go for advice compared with 2% of women aged between 35 and 44 and with 12% of their male counterparts. Women who have become single through widowhood, divorce or separation are also less likely to ask for independent financial advice.
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