Eighty five per cent of over-55s said they preferred the "do it yourself" approach when it came to financial decisions, according to a survey.
Those approaching retirement are least likely to take any form of financial advice, according to new research by All About Money, a personal finance website, the Daily Telegraph reports. The average take-up for financial advice was one in two across all age groups, compared with only one in 10 among the over-55s. But investors aged 55 or more who did seek financial help said they were most likely to take professional advice from an independent financial adviser (IFA). One in five over-55s used an IFA, compared with only 14% of 18 to 24-year-olds. Despite the younger generation a...
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