Drawdown retirees savers remain reluctant to pay for advice, says Aegon

A tenth of pension savers would consult an adviser

Steven Cameron: "While advice has to be paid for, the cost of not taking it ahead of some of life's greatest financial decisions could be far higher."
Steven Cameron: "While advice has to be paid for, the cost of not taking it ahead of some of life's greatest financial decisions could be far higher."
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Retirees continue to favour drawdown over annuities, however, many pension savers taking the retirement income option without financial advice, which is worsened further by low levels of financial understanding, according to Aegon.

Its Global Retirement Study found that fewer than one in five (17%) pension savers in the UK identify advice as valuable and even less (9%) would consider paying for advice when converting their retirement...

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