Retirees set advice threshold at £100k savings

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Most people would want to save at least £100,000 into a pension before seeking regulated financial advice on their options, but many plan to self-manage their pots, according to research.

Just under four in ten (39%) adults set the threshold at £100,000, while a further quarter (24%) said anything between £50,000 and £100,000 would qualify, according to a poll of 1,000 adults earning at least £40,000 conducted on behalf of IFA software provider Intelliflo. About one in ten (11%) of respondents replied they would need between £25,000 and £50,000, the same proportion set the mark between £10,000 and £25,000, while about one in seven suggested they would seek advice if they had less than £10,000. However, most respondents (43%) said they intended to manage their pension o...

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