Paid for financial review appeals to half of pre-retirees

Quarter of pre-retirees would look to IFAs for help

Jenna Brown
clock • 2 min read

Half of people would be prepared to pay for a one-off professional financial review to help with their retirement planning with the average fee they would be prepared to pay being £213, research has found.

The Great Retirement Study, conducted by The Wisdom Council, found fewer than a quarter of respondents used a financial adviser but half were willing to instruct one on retirement planning. It also found IFAs were the most trusted source of financial advice, with 26% of people choosing IFAs, over options such as their workplace or online information. While the study was fairly positive when looking at the use of IFAs, overall it painted a bleaker outlook for those planning retirement. It found 30% felt "not at all or not very confident" that they will be able to live throughout the...

To continue reading this article...

Join Professional Adviser

  • 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.

Join

 

Already a Professional Adviser member?

Login

More on Retirement

Retirement Planning Roadshow 2023: Book your ticket today!

Retirement Planning Roadshow 2023: Book your ticket today!

Coming to Harrogate, Warrington, Birmingham, Bristol and London

Professional Adviser
clock 25 September 2023 • 1 min read
Majority believe the government does not support pre-retirees

Majority believe the government does not support pre-retirees

Only 25% of 2,000 adults think the government has done a good job

Isabel Baxter
clock 01 September 2023 • 1 min read
'Concerning' number have stopped saving for retirement

'Concerning' number have stopped saving for retirement

Britons prioritise immediate financial security instead of saving

Isabel Baxter
clock 11 July 2023 • 1 min read