The majority of Brits who say financial advice is too expensive to consider are aged 55 and above, according to new research from My Pension Expert.
The at-retirement specialist firm's report ‘Dream Retirement: Understanding Briton's retirement aspirations and challenges' - published today (17 February) - looked at savers' challenges and concerns around retirement. It found that while just over a third (34%) of Brits have spoken with an IFA in the past, many are not using advisers to help prepare financially for retirement. Cost, unsurprisingly, was a key barrier, with Baby Boomers the age group who identified themselves as most likely not to seek advice due to that. My Pension Expert said its findings "exposed how few UK adult...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
