Most retirees opt for bank advice despite liking IFAs

The provider says the research highlights the big divide between preference and reality as consumers said they would rather take advice from an IFA than a bank adviser. In the retirement market, a higher proportion of 35% of respondents would prefer to use an IFA. Looking at products outside the retirement space, 83% of respondents say they have bought at least one product from a bank adviser, whilst only 30% did so through an IFA. However, 40% of respondents say they would rather use an IFA, compared to 35% who would opt for a bank adviser. Only 11% say they would approach an acco...