“[The losses] could be reflective of the prevalence of low cost trackers in workplace pensions or just widespread investments in poor quality funds. Advice would fix that.”
Mr Hollands agreed: “I suspect this survey reveals many investors are not up to speed with where markets are at and are unaware of the strength of the liquidity driven rally.
“They are probably being unduly swayed in their pessimism by the very negative economic and corporate news headlines. This will be compounded by the fact that so few are in touch with an adviser, to keep them abreast of the situation.”
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