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Consumers 'confused by financial issues'
Many people across the UK feel that financial issues are among the most confusing they have to deal with in modern life, according to a new study.
Research by Confused.com revealed that nearly 72 per cent of people suffer from confusion in relation to making money and using it wisely, with pensions proving to be a particularly difficult product to understand.
Eight out of ten people also said they found mortgages confusing, while credit cards were found to be the least problematic area.
Darren Black from Confused.com said it was "not surprising" that financial products account for much difficulty.
He added: "Given the variety of different products and services available and the hectic lives many Brits live it's easy to see how making decisions could lead to stress and worry."
Recent figures from Unbiased.co.uk revealed that there was a 24 per cent rise in people looking for advice about a home loan from a whole-of-market broker.