What's the point? Third of over 55s fail to see 'value of retirement advice'

The poll of more than 2,000 people found 41% were unaware of retirement income options, 36% did not know what an IFA did and 33% would not value financial advice at retirement. The annuity provider said the research casts doubt on the effectiveness of the government's guidance guarantee. MGM Advantage pensions technical director Andrew Tully said figures were "extremely concerning". "If people do not seek expert help when considering their options for retirement, we could see many people making poor choices, such as paying too much tax, or investing in poor value solutions," he war...