Yet another survey confirming the bleeding’ obvious? Why is it that the majority of those seeking financial advice or using an adviser are partnered and/or over 50? Well, they’re more likely to have need of our services and, perhaps, to have finances about which they need advice. As singletons, they may, perhaps have had reason to contact us, but it often takes the prompting of another or a life event to make that happen. And, of course, at 50 we suddenly realise those pensions we may or may not have accumulated are close to paying out, and that those letters from pension companies may as well be written in Mandarin (other difficult languages are available) and so we need a translator of some kind. Doing something sooner rather than later might have been a better idea. But you could say that about a lot of things; and we’re generally easier to see than your average GP…
“Letter of authority: Why now is the right time for change”
This may sound like a non-issue from outside the world-of-financial-advice bubble. It is the bain, however, of the daily working lives of many of us, particularly of those paid by we advisers to do the dirty work of dealing with the many providers with whom we have to work.
