A majority of those retired or close to retirement remain reluctant to seek financial advice, with many doing so because they do not see it as good value for money, according to research conducted by LV=.
A year on from the Financial Advice Market Review (FAMR), with its 28 recommendations intended to make financial advice more accessible and affordable, some three-fifths (61%) of those approaching retirement say they still do not plan on using a professional adviser, while half (52%) believe they can make the right decisions without advice. LV= surveyed 1,008 UK adults aged 55 and over who are retired or plan to retire within 10 years, and found what it called a distinct lack of understanding as to what financial advice offers. A third (33%) of those surveyed were not certain they kne...
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