Eighty five per cent of over-55s said they preferred the “do it yourself” approach when it came to financial decisions, according to a survey.
Those approaching retirement are least likely to take any form of financial advice, according to new research by All About Money, a personal finance website, the Daily Telegraph reports.
The average take-up for financial advice was one in two across all age groups, compared with only one in 10 among the over-55s.
But investors aged 55 or more who did seek financial help said they were most likely to take professional advice from an independent financial adviser (IFA).
This survey highlights a worrying statistic as it’s those approaching retirement that need the very best financial advice to ensure they secure the retirement they deserve.
If you are approaching retirement, or would like to get your finances in order give Choice a call on 0800 612 8099