Banks more popular for advice than IFAs

Joint research for MoneyExpert.com and Defaqto reveals around 54% of people prefer asking a bank or building society for advice, while 46% choose to ask family members, with 40% turning to their partner or spouse. Asked who they would go to for financial advice, just 21% of respondents say IFAs, with more people, at 22%, preferring to search the internet for advice. Other places people turn to for financial advice include the Citizen’s Advice Bureau, while 12% rely on their boss or work colleagues. The research also showed some differences in the way men and women seek financial advice....