Retirement Planning One Of The Top Reasons For Seeking Financial Advice In 2011

Retirement is one of the major reasons why seeking financial advice from an IFA is important for 2011, and Unbiased looks at how retirement planning has become a top advice driver for consumers seeking advice.

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(PRWEB) May 20, 2011

Latest figures from Unbiased, the professional advice website, find a high consumer demand for retirement planning advice followed into the new tax year. Retirement planning kept its position as the number one advice driver (41%) for consumers looking for an independent financial advisor (IFA) on unbiased.co.uk’s ‘find an IFA’ search. This caps a substantial year on year increase, when 35% of consumers looked for retirement planning advice in the same month last year.

The second most popular advice driver in April was ‘investment and savings’, with over a quarter of consumers (28%) looking for an independent financial advisor specialising in this area. Despite a small decrease from the previous month (30%), demand for independent financial advice in these specialist areas continues to be large as people consider their savings and long-term financial planning in the current low interest rate environment.

Consumer appetite for whole of market mortgage advice on ‘first time buying’ progressed into April with 38% of searches, remaining the most popular area of advice in 2011 for people using unbiased.co.uk’s ‘find a mortgage advisor’ search. Re-mortgage advice also increased, rising from 31% in March to 33% in April, while the per cent of consumers seeking residential whole of market mortgage advice dropped, dipping from 24% (in March) to 20% (in April).

Karen Barrett, Chief Executive of unbiased.co.uk, comments: “The new tax year brought a number of changes for consumers’ personal finances and planning for the future.” She later comments that the basic state pension has gone up while pension drawdown arrangements have changed. Also, the annual allowance for tax-free pensions saving got reduced. She highly recommended that people unsure about changes find out how to get their pension plans on track for the future by seeking pension advice from an IFA. An IFA may look at all factors and recommend the best solution.

Find out more at http://www.unbiased.co.uk and find a financial advisor or mortgage advisor today.

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