You are here: Home - News -

Financial advice? We’ll go it alone, say over-55s

by: IFAonline
  • 27/06/2013
  • 0
Financial advice? We’ll go it alone, say over-55s
Around 85% 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.

Despite the younger generation asking for financial advice more than their elders, they favoured a more personal approach, with 30% asking their parents for help.

They were also more likely to seek financial advice from friends and family (20%), work colleagues (8.2%) or free advice services (11.8%), while 36% chose not to receive any help at all.

There are 0 Comment(s)

You may also be interested in