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...

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