Majority of UK adults fail to use IFAs, according to survey

Research conducted by Zurich has shown that 57% of the UK's adult population has never sought advice from a financial adviser. Of those who have not sought assistance, half claimed it was due to having too little disposable income to make an adviser worthwhile while one-fifth cited the costs involved in seeking help. According to the study, the percentage of people seeking advice varied by age, with 84% of 18 to 24 year olds and 64% of 25 to 34 year olds unadvised; however, the figures peaked at just 50% for people aged 35 and over. Family life appeared to be a deciding factor in whet...