IFAs remain the preferred source of information about retirement planning and finances, above bank managers, solicitors and brokers, according to new research from LV=.
The LV= State of Retirement report shows that people facing retirement in the UK are more confused than ever about the complexity of current tax legislation and rules. It also reveals that almost half (49pc) of people facing retirement have chosen to consult an IFA, compared to just 4pc who have consulted a solicitor or a broker, and 16pc who have consulted their bank manager. According to the research, seven out of ten (70pc) over 50s surveyed admitted they are uncertain about what legislation is correct, equating to an anxious majority of almost 7m people facing retirement. Despi...
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