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New research1 from Baring Asset Management (Barings), the investment manager, has found that significantly more people are turning to friends or family for advice on their pensions while the number of people turning to financial advisers remains flat.
Over 75 per cent of workers have no idea how much their company pensions are worth, according to Prudential.
Sipp provider Mattioli Woods has seen its revenue increase by 33 per cent to £20.5m, up from £15.4m in 2011.
One in four higher rate taxpayers do not contribute to a pension, according to Prudential, despite the attraction of tax relief.
More than two thirds of adults fear being forced to work past 65 because they cannot afford to retire, according to Zurich.

The National Employment Savings Trust (NEST) has unveiled its national campaign to raise awareness of auto-enrolment.

The Office for National Statistics has revealed that 1.4m people are working past their pension age, double the figure of 20 years ago.

UK employees are still expecting to fully retire at 66 and spend 16 years in retirement despite financial worries, according to Aegon.

Women are expecting to retire on over £5,000 less a year than men, according to Prudential.

Pensions expert Steve Bee has launched a new smartphone app to support his JargonFree information brand.

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