Advisers and providers 'least influential' on consumer saving, research

The research found people were more likely to listen to personal experience and the advice of people around them than a financial adviser when it came to deciding about their later life savings. This was because of a perceived lack of good professional advice, the consumer insight specialist said. It had polled 380 active investors across a range of ages, genders and levels of financial sophistication. Those least financially educated also felt they were being held back from saving by a lack of financial capacity and the cost of advice. But just one-quarter (25%) of the group claimed ...