- Business
- Childbirth & Education
- Legal Formalities
- Motoring
- Other
- Pensions & Benefits
- Property & Accommodation
- Taxes
- Airports and Airlines Spain
- Paramount Theme Park Murcia Spain
- Corvera International Airport Murcia Spain
- Join us for Tea on the Terrace
- When Expat Eyes Are Smiling
- Meet Wincham at The Homes, Gardens & Lifestyle Show, Calpe
- QROPS 2014
- Spain Increases IHT in Valencia & Murcia
- Removals to Spain v Exports from Spain
- The Charm of Seville
- Gibraltar Relations
- Retiro Park : Madrid
- Community Insurance in Spain
- Calendar Girls
- Considerations when Insuring your Boat in Spain
- QROPS – HMRC Introduces changes that create havoc in the market place
- QROPS – All Change From April 2012
- Liva & Laia : 15th November
Just eight per cent of British people approach independent financial advisers (IFAs) to discuss their retirement plans, new research has revealed.
The study, conducted by the Safe Home Income Plans (SHIP), found that four times this proportion (32 per cent) scan the internet for such advice.
According to the equity release trade association, 73 per cent of Britons intend to manage their retirement finances themselves.
However, many respondents to the survey admitted that they were not aware of all the options available to them.
"The findings show that without consulting an IFA, consumers are likely to miss out of the full spectrum of retirement planning products," warned Andrew Rozario, director general of SHIP.
He added: "There seems to still be some uncertainty about the definition of equity release, but [we are] working hard to increase consumer understanding of the product."