Retirees look to 'trusted advisers' for guidance guarantee delivery

Jenna Towler
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The majority of people approaching retirement want to get their ‘guaranteed guidance' from financial advisers or established consumer organisations not pension providers, research shows.

A poll from annuity provider MGM Advantage revealed just under a quarter of over 55s favoured getting their guidance from financial advisers. A similar amount would look to "trusted" organisations such as Citizens Advice or The Pensions Advisory Service (TPAS). An MGM Advantage poll found just 12% of people would be happy to get the guidance from their existing pension provider. Just 5% of people thought impartiality was not an important part of the guidance guarantee, while 12% did not know. Financial advisers were favoured by 23% of those polled. Another 21% thought the governmen...

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