Just 8% of consumers take regular pension advice - Aegon

Nicola Brittain
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A surprisingly low percentage of consumers consult an adviser on a regular basis regarding their pension planning, according Aegon research.

The Aegon Retirement Readiness report, which questioned 1,191 workers in the UK, found that just 7.6% of consumers have taken regular advice from a professional adviser on the matter.  Some 19% said they had received some advice. Those aged 55 or over are twice as likely to have received regular advice, although 63.3% of this age group have never sought the help of an adviser in relation to pensions. Separately, a third of people do not know what their pension plan is worth, and 35.6% could not say how much income it would provide in retirement. A quarter of those within a decad...

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