Millions of Britons are missing out on professional financial advice when faced with crucial decisions such as investment and retirement planning, according to an expert in the field. And while she does not specifically point to the over-50s, it is likely many of them are among those affected. The reasons are mixed, and include: lack of awareness of the options: a perception that such advice is only for the wealthy, and tighter rules to protect consumers, with some advisers avoiding clients with smaller portfolios because the compliance workload has become too heavy. “It is well meaning”, she writes, “but it leaves a lot of people without anywhere to turn.”
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