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Most people unsure about savings

The wealthy are financially unprepared for their future, according to new research by Mintel.


According to the market analyst, 5m UK homes have incomes more than twice the national average of £19,400, but around 40 per cent of these “affluent” homes are uncertain if their retirement provision is adequate.


Also, around a third of those surveyed had no interest in seeking financial advice.


A Mintel spokesperson says: “The affluent look for straightforward ways of putting their money aside and the benefit of saving through the stockmarket has not necessarily been taken on board.”

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Jeremy Pearson is Technical Support Manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. Many parents value the standard of education offered by […]

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