Almost 40% of UK adults would "never consider" using a professional financial adviser, a study commissioned by the Financial Services Authority (FSA) suggests.
A survey of 2,026 over-18s found that 38% would never think to seek regulated advice. This was a higher proportion of those who would consider professional guidance: some 32% of respondents. From the same sample, 17% are currently taking financial advice, while 13% said they did not know what they would do. The study conducted via the TNS CAPI Omnibus also suggests many consumers continue to be believe financial advice is free - including from those who are currently receiving it. When asked how, if at all, people pay for advice, a third (33%) said they did not think there was a ch...
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