According to a recent survey, half the population would not trust advisers to help them with their retirement and yet, sighs Tim Sargisson, how surprised should we be given the behaviour of some parts of the market?
According to research from fintech provider Evalue, published this month, out of 1,000 individuals aged over 50, more than two-fifths (43%) worry that advisers would not act in their best interests. Meanwhile three-fifths (59%) of the people looking for retirement advice would turn to unqualified sources rather than engage an IFA and almost half (47%) have never sought advice about their retirement plans. So there we have it - in simple terms, according to this piece of research, half the population do not trust the professional adviser to provide advice and guidance as how best to manag...
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