Pensions voted as clients' first motive for seeking financial advice

Fairstone client survey looks at how advice is thought of from the outside

Hope William-Smith
clock • 1 min read

Pension guidance is the key motive for individuals first seeking financial advice, according to Fairstone.

A client survey conducted by the consolidator placed pension guidance as the reason why 45% of people first sought out professional advice, with investment planning falling in second place. Mortgage advice was the third most-popular motivating for speaking to an adviser, it found. When it comes to age, over half (55%) of Fairstone clients who responded to the survey first took financial advice after age 40. The consolidator said its findings show "the tide could be turning" however, with a quarter also stating they had  started? their advice journey in their 20s. This 25% represent...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

HNW individuals call for pension reforms and tax changes

HNW individuals call for pension reforms and tax changes

Almost nine in ten want to see pension reforms, Saltus finds

Isabel Baxter
clock 13 May 2024 • 1 min read
FCA/TPR value for money framework a 'key priority' for 2024/25

FCA/TPR value for money framework a 'key priority' for 2024/25

Regulatory duo first announced a plan for common measurements in 2022

Hope Coumbe
clock 10 May 2024 • 1 min read
NAO finds estimated cost of dashboards has risen £54m

NAO finds estimated cost of dashboards has risen £54m

'The DWP must learn lessons from what happened on this programme'

Holly Roach
clock 10 May 2024 • 3 min read