Brits are at risk of missing out on financial opportunities designed to improve their retirement savings, as they delay seeking professional financial advice, according to new research by national advice firm Continuum.
Coinciding with Pensions Awareness Week, the study revealed that only 5% of 35–44-year-olds have consulted an IFA about their retirement planning. This rose to 10% among 45–54-year-olds and 21% for those over the age of 55. However, by the time individuals reach 55, experts have warned that they may have already missed valuable tax breaks and other financial benefits meant to maximise retirement savings. Continuum chartered financial planner Ben Alcock said: "A good financial adviser can help you look past your short and mid-term savings goals and look at the wider picture, but our re...
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