First-time advice seekers on the rise, says Axa

The financial advice market is predicted to experience an influx of consumers who have previously not considered receiving financial advice, as 19% say they now intend to do so.  AXA Wealth managing director of specialist products Nick Elphick said the figures, taken from a YouGov poll of more than 2,000 respondents, also revealed 16% of consumers who have sought professional advice in the past plan to do so again in the future. The research suggested 40% of UK adults were not confident in managing their finances to ensure they have sufficient income in retirement. Elphick said: "I...