Three in ten so-called baby boomers have never seen a financial adviser, research from Halifax suggests.
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 r...
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