MAS: No financial advice for half of population

A survey commissioned by the organisation found that 52% of adults admitted to never receiving or could not recall if or when they last received advice about managing their own money and everyday finances. This would equate to 25.6m people, with a further 21% (10.3m) not receiving any advice in the last year. Of those who did receive advice, 32% said it came from a financial adviser not connected with their bank or building society. Meanwhile, 28% received their advice from a bank or building society. The MAS pointed out that its survey did not take into account the difference betw...