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

One in five 'would never take advice'

Sophie King
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Many over-50s reckon they need a £500,000 "windfall" to make financial advice worthwhile, research has suggested
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Many over-50s reckon they need a £500,000 "windfall" to make financial advice worthwhile, research has suggested

Many over-50s reckon they need a £500,000 "windfall" to make financial advice worthwhile, research by The London Institute of Banking and Finance and Seven Investment Management (7IM) has suggested.

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 the...

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