Financial advice use grows - Defaqto

This is despite half of respondents saying they did not completely understand the products they were considering, Defaqto has said. The survey echoes results from the ABI's quarterly consumer research, reported by COVER last week, which indicated three in ten people did not consider advice from an IFA for any financial purchase. Defaqto's study found more than a third (36%) of people sought professional advice (including an IFA) to help them choose financial products, meaning almost two thirds (64%) did not. However this number seeking advice has increased by 11% in the last twelve...