Number seeking financial advice 'falling' - study

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Fewer consumers are seeking financial advice before investing their cash, research suggests.

A study by online provider Fair Investment Company found 78% of its own customers did not seek advice before investing. This represents a 14% increase since January, when investors were asked the same question, Fair says. George Ladds, head of investment and pension research, says: "Ten years ago it was very unusual for people to make their own decisions about investments - there simply wasn't enough information out there for them to do so. "But since the internet has become more and more popular, it has become the place to go for research on virtually any subject and, as a result,...

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