IFAs fall behind friends, family and the internet as the main source of financial advice while young people are especially disconnected from the advice process, new research has revealed.
However those that had previously consulted an IFA were overwhelmingly positive about the experience, the survey added. But despite this only a quarter of those aged over 65 would choose an adviser as their starting point for financial advice. Aviva's Value of Financial Advice report revealed almost three-quarters (70%) of 18 to 24-year-olds would turn to friends and family for financial advice first rather than consulting a professional adviser while more than half (52%) would use the internet. This is reversed by those over 65 with only a quarter (24%) seeking guidance initially ...
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