Despite widespread dissatisfaction with their savings, only one in ten UK adults (11%) have sought professional advice, according to research from True Potential.
The research, conducted in collaboration with YouGov and included 2,035 adults, showed that almost half (49%) reported feeling uncomfortable with their level of retirement savings, whilst 38% said it is unlikely they will achieve their retirement goals. Despite widespread concern about affording retirement, only one in ten (11%) respondents had sought professional financial advice. Those aged 25-49 were the least likely to have sought advice (90%) despite the importance of beginning retirement planning early. Additionally, although a third (33%) said they regularly or sometimes found ...
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
