Stock market investors shunning IFAs for the Internet

According to a Prudential report, 65% of investors ignore the benefits of advice and rely instead on Internet research and media reports. Just 16% seek the guidance of an IFA, 4% consult a stockbroker and 10% approach bank or building society in-house advisers. "While not everyone is fortunate enough to have spare funds to save or invest, many people do and it is staggering how few are seeking financial advice or looking to capitalise on the growth potential the stock market has historically offered," Prudential retirement savings business director Trevor Cheal says. Meanwhile, the...