Self-employed biased against advisers on pensions

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Research into the retirement habits of the self-employed reveals advisers are seen in a negative light.

A report ‘Self-employment and retirement’ carried out for the Department for Work and Pensions (DWP) by independent researchers reveal the self-employed tend to turn mainly to friends, family, colleagues and advisers, with a few using institutions such as banks or DWP websites and helplines. But the 120-page report says financial advisers, although it is not known whether these were independent, tied or multi-tied, attracted a deal of comment both from people who had used them - or were still using them - and from those who had not had any contact. It says while a few of the 40 responde...

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