There has been a rise in the number of consumers seeking third-party support for their financial decisions, research by Standard Life shows.
The firm's 2022 Retirement Voice report surveyed 6,000 adults in the UK in September and October last year finding 83% sought the help of financial advisers last year. That was compared to 73% in 2021. The most popular topics for those seeking financial help was information about how much their pension would pay them in retirement (47%), how much their pension pot was worth (46%), and whether they were paying enough into their pension (32%). The majority (72%) said they were doing little to nothing to prepare for their retirement. However, those on low incomes (less than £20,000) who ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
