IFAs 'most trusted' for retirement advice

clock •

Financial advisers are the most trusted source of retirement advice, according to Defaqto, just beating friends and family for the third year running.

When asked who they would trust the most to help them plan their retirement, nearly a third of people surveyed by Defaqto say an IFA would be their main port of call. In 2009, 30% of respondents say they would most trust a financial adviser when it came to retirement planning, while 28% would ask friends or family. Meanwhile, the number of people who would trust their own judgement has sharply declined, down from 27% in 2007 to just 20% this year. However, less than a quarter of people have sought retirement advice from an IFA, Defaqto's survey suggests. Matt Ward, wealth manage...

To continue reading this article...

Join Professional Adviser for free

  • 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 Investment

Advisers urged to rethink role of traditional diversification

Advisers urged to rethink role of traditional diversification

Milliman publishes whitepaper

Sophia Panayi
clock 29 September 2026 • 2 min read

Active ETFs, ESG and the retirement advice challenge

Sarasin & Partners portfolio manager Ben Gilbert joins PA in the studio

Isabel Baxter
clock 05 June 2026 • 1 min read
Tyndall Partnerships head Sullivan on bespoke empowerment

Tyndall Partnerships head Sullivan on bespoke empowerment

‘No two IFAs invest in the same suite of models’

Isabel Baxter
clock 09 December 2024 • 4 min read