Retirement wealth management sought by 48% of consumers

Retirement wealth management is the most common form of financial guidance sought by British consumers, with 48 per cent of those turning to a professional interested in post-work financial planning.

Private banking services might be important to those seeking to secure their personal assets in later life, as Unbiased.co.uk reports the second-most popular choice was investment and savings advice, with just over one-quarter (27 per cent) looking for help in this area.

Chief executive Karen Barrett commented: "The numerous retirement planning options are confusing and complex and it's no surprise that retirement planning advice is the most sought after area of independent financial advice."

A slight increase in the volume of first-time buyers seeking assistance could indicate consumer confidence is returning to the market and suggests wealth management may become easier as banking services return to pre-recession levels of performance.

The financial services provider also offers advice on endowment policies and inheritance tax planning.  ADNFCR-2318-ID-800106161-ADNFCR