Google is the preferred option for finding information about financial products and options, a survey of British workers has found.
The survey, conducted by UK consultancy Capita Employee Benefits, found a lack of financial product understanding among consumers, with 62 per cent of respondents indicating they find pensions terminology complicated.In order to deal with this lack of understanding, 40 per cent of survey respondents listed Google as their preferred source for finding information on a financial product.Capita’s Robin Hames said the findings should concern the nation’s professional financial advisers."As with all information on the internet, some of it is good quality but some of it is inaccurate, out of date or plain wrong,” he told the UK’s Daily Mail newspaper.“It's worrying that Google has, to some extent, become the nation's financial adviser. “Frankly, we shouldn't have people making important financial decisions based on advice they're arbitrarily finding on the web.”
Comments powered by CComment
The super fund says it is in favour of a superannuation advice network involving non-relevant providers with a minimum ...
Minister Jones has more pressing priorities to address before turning his attention to the ASIC levy, he confirmed at an ...
AMP is planning to launch its digital advice tool next year.
Speaking at the ASFA Conference in Adelaide, Matt ...
Never miss the stories that impact the industry.
Get the latest news! Subscribe to the ifa bulletin