Pensioners have £270k but only 17% use IFA - Pru

A study conducted by Prudential found retiree couples are sitting on nest eggs worth an average of £269,479, not including their pensions. It says single pensioners have average savings and assets of £134,739, but Prudential says most people are failing to make their money work for them. In a separate study the firm conducted among over 4,000 UK pensioners, only 17% had seen a financial adviser for guidance on maximising their income. Gary Shaughnessy, Prudential managing director, retail life and pensions, says: “It is surprising to see just how much money the average pensioner has tied...