Pensioners financially ‘reliant on others’

A small number of pensioners are relying on loved ones to help them fnancially during retirement, and those approaching retirement seem to be in an even worse situation. Yet equally worrying is that people are also far more likely to take financial advice about retirement from friends than from a professional, with more than a million pensioners financially reliant on friends and family, and the next generation even more stretched, according to the latest research from LV=.

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