Defaqto encourages IFAs to seek out pensions calculator issues

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Defaqto encourages IFAs to seek out pensions calculator issues

There are plenty of consumers who have not yet been to see an independent financial advisor (IFA) about their pensions and this should be seen as an opportunity for such professionals, according to Defaqto.

Wealth management consultant at the research firm Matthew Ward made his remarks after a study by organisation showed that just one in four respondents to a survey had been to see an IFA regarding their retirement.

Mr Ward noted that 62 per cent of consumers who seek advice on such issues end up going to an IFA to help them plan their savings for later life.

He said: "Our research has found that people continue to see the financial advice sector as most important when it comes to planning their retirement needs."

This week, the company published a report showing that just 11 per cent of consumers believe their retirement income will be sufficient for their needs.

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