Pension plan named number one advice driver

www.moneynews.co.uk > Pensions > Pension plan named number one advice driver

Pension plan named number one advice driver

Thu 18th Mar 2010

Unbiased.co.uk found 39 per cent of consumers looked for independent advice on personal retirement planning in February, while 28 per cent of searches to its website were for an independent financial adviser specialising in pensions planning.

Karen Barrett, chief executive of unbiased.co.uk, welcomed the increase in people looking for pensions planning advice and warned those who continue to delay that their pension pot may be smaller as a result.

She said: "Only an independent financial adviser can give you specialist advice on specific product areas and can recommend solutions from across the whole of the market, rather than just a selection of providers."

Safe Home Income Plans, the trade body for equity release product providers, recently said nearly a third of Britons turn to the internet for financial advice, while just eight per cent visit IFAs to help them manage their money and plan for retirement.

Click here for more pensions news

Related News : Pensions
	Over-55s don't believe in paying for care, reveals Aviva
	East Midlands comes top in pension contributions
	Corporate pensions provider issues advice for businesses
	One third of workers have no pension, claims Prudential
	More than a third of Brits fail to reassess pension risk, claim experts
	Women protest at No 10 over proposed pension reforms
	Retirement age 'to be brought forward by ten years'
	Interest rates held at 0.5 per cent by Bank of England
	Pension contributions fall in recession, ONS reveals
	Equity release for retirement 'might not suite every household'