IFAs are the main port of call for those taking out a private pension, according to Unbiased.co.uk.
Research from the website found the area of personal finance where the impact of seeing an IFA is strongest is in saving for retirement, with 42% of private pension holders having sought advice on their product from an IFA.
Private pensions were the choice of 23% of those surveyed by Unbiased, who were asked which method of savings was going to see them through retirement.
Of those currently investing in a private pension, £168 is the average amount invested every month, with men contributing more than women (£180 compared to £155).
Of those consumers that have sought financial advice at some point in their lives, a third used the services of an IFA.
David Elms, chief executive of Unbiased, says: “There is a clear message in this research - those that use IFAs are more likely to have put formal plans in place for a comfortable retirement.”IFAonline
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