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Lack of Consumer Trust Leaves Retirement Advisors at a Disadvantage

A fundamental lack of trust is one major reason why a large segment of consumers may be reluctant to allow financial services providers to help them with their retirement planning, a survey by Deloittes Center for Financial Services has revealed.

By Sam J. Friedman, Val Srinivas | Updated on May 06, 2013

A fundamental lack of trust is one major reason why a large segment of consumers may be reluctant to allow financial services providers to help them with their retirement savings and income planning, a survey by Deloitte’s Center for Financial Services has revealed.

Deloitte’s survey of nearly 4,500 consumers from a wide range of age and income groups found trust issues to be one of five barriers preventing insurers and their intermediaries from more effectively reaching prospects when it comes to retirement products and services. 

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