Advisers are overwhelmingly with clients who underestimate how much money they will need in retirement, but a fifth of those taking advice still think they know better than the professional they have hired.
One in five clients are sure they are the best judge of how long they will live, according to a survey by Scottish Widows.
By comparison, four out of five advisers surveyed said those who come to them for financial help are not saving enough to pay for what may be decades in retirement.Men who are now aged 65 can expect to live until they are 87 and […]
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