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Professional debt advice could be solution to lack of employer guidance

Professional debt advice could be solution to lack of employer guidance

- Monday, 7 September 2009

Seeking professional debt advice could be a possible alternative for people unable to obtain the financial guidance they require from their employer.

According to Scottish Widows, 76 per cent of people would like some form of counsel from their company concerning retirement.

However, only 16 per cent of employees go to their employer for pension information.

A further 33 per cent believe that in cases where retirement advice is made available, wider financial support should also be offered.

John Taylor, market director for corporate pensions at Scottish Widows, said: "Our research shows that a huge number of people would like the opportunity to receive financial advice in their workplace."

The Pensions Report was made in conjunction with the Institute of Financial Planning ahead of this week's Financial Planning Week (September 7th to 13th).

Last week, Friends Provident reported that more than half of Britons do not think they are saving enough for retirement.
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