Nearly 70% of retirement savers want the free pensions guidance promised by the Government via a formal session with a qualified financial adviser.
That is the conclusion of a report by market research firm Consumer Intelligence.
Retirement savers want the guidance pledged in the Budget to be delivered face to face, researchers found.
Some 24% would be willing to use online services as long as there was human help available too but 3% would be willing to rely solely on web based help.
On average retirement savers would be willing to travel 11.4 miles for face-to-face guidance with only 8% happy to travel more than 25 miles.
{desktop}{/desktop}{mobile}{/mobile}
David Black, a banking expert at Consumer Intelligence, said: "Face to face guidance is by far the preferred option for the free advice proposed by the government with most people willing to travel to ensure they get as much help exploring their options as possible."
The Budget reforms have raised fears of people spending all their pension funds at once. However, the study however found just 5% plan to spend all their money straight away and rely solely on the state pension.
Mr Black said: "It does appear that claims about people blowing all their cash on Lamborghinis are not going to come true. Most people realise that they will be retired for a long time and that they will need to ensure that they have enough income to last."
Just 9% said they will rely purely on an annuity for retirement income. However 26% intend to use a mixture of annuity, drawdown and cashing in; 14% will use an annuity alongside cashing in part of their funds and 7% would consider annuity as well as drawdown for their pension funds.
