Baby boomers 'rarely seek advice'

A third say they do not have enough information and understanding of their savings and investment options while a fifth of those who have seen a financial adviser have not done so in the past five years. In addition, the Halifax Financial Services research found almost a quarter of boomers will be relying primarily on a final salary scheme for their income in retirement while 70% will rely on a state pension for at least some of their retirement income. Paul Stanley, head of Halifax Financial Services, says: “Baby boomers represent a large sector of our population. Financial security in...