 Confusion about retirement finance options as Britons turn to internet instead of IFAs, says SHIP SeekER Equity Release News Update 25th March 2010: 17 March 2010 - Research from SHIP (Safe Home Income Plans), the equity release trade body, has revealed that only 8% of Britons regularly seek financial advice from an IFA when it comes to planning their retirement finances. The highest proportion (32%) of Britons looking for financial advice turned to the internet for guidance on their retirement. In addition 9% had met with an IFA only once, 4% had taken advice from a bank or financial institution, and 6% had taken advice organised by their employer. The research was carried out by SHIP to gain a greater understanding of how people expected to organise their retirement finances. It found that most people hoped to maintain their current living standard into retirement (38%), with over 10% expecting to exceed it. This is despite the fact that 73% of those questioned intended to manage their retirement finances themselves, without seeking advice from an IFA. The full article: http://www.ship-ltd.org/uploads/ConfusionAboutRetirement.PDF |
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