Advisers bemoan retirement options naivety

According to a study by Axa Winterthur Wealth Management, 79% of advisers believe people do not address their retirement income options early enough. The survey of 636 advisers also found 21% believe their clients do not have a firm understanding of the risks or possible rewards of investment. Elsewhere, 14% believe consumers are being overly cautious early in their saving years while 12% say people remain excessively fearful of equities. "There is a definite need to encourage a savings culture within the UK, but it is difficult when the goalposts keep moving," Axa Winterthur head ...