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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The fact that emotions can so significantly impact investment decisions means the issue is becoming ever more important for advisers