Survey finds three quarters of consumers have not sought retirement advice

The independent financial data collection and research company attributed the pensions gap to consumer passivity in seeking retirement advice. Matt Ward, principal consultant - pensions and wealth management at Defaqto, commented: "The pensions savings gap is well documented but in order to get more people saving for their retirement many will need access to the appropriate advice and it would appear from our research that this is not happening. Advances in pensions educational programmes and generic sources of pensions advice will be vital for engaging the next generation of pensions sav...