Majority of adults believe that regulated advice is for the wealthy 

The research, published today (31 January), reveals that almost two-thirds (64%) of UK adults with savings, investments or a mortgage have not sought regulated financial advice in the last five years. Amongst those, more than one in five of those who obtained free guidance rather than regulated advice said they did so because they believed the service was "too expensive". Young people aged between 18 and 34 were most likely to agree that it should be easy to invest without needing professional financial advice, it found. More than half of Millennials (60%) and Generation Z (57%) with ...