£500,000 'tipping point' for over-50s to seek advice - research

The survey of more than 2,000 UK adults found that, while just half (53%) of Britain's over-50s felt well-prepared for retirement and two-fiftths (38%) said they worried about it, most believed they needed a significant sum of money in order to seek advice. Women were more reluctant than men to consult an adviser, according to the research ­- the advice tipping point for most men was £499,171, but it was £544,249 for most women. The findings also showed nearly half (47%) of those who shunned professional advice thought they could look after their money, with another 28% saying they di...