Many Brits still 'can't explain basic money matters including overdrafts'

But are confident about their financial management skills

Hannah Godfrey
clock
Many Brits still 'can't explain basic money matters including overdrafts'

Most consumers regret financial decisions they made in the past and still struggle to explain basic money matters such as overdrafts, according to research from Aviva.

The pension provider found more than four in 10 (43%) consumers are still negatively impacted by financial mistakes they made in the past. A further two-thirds (64%) said they wished they had managed...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Tap into our community intelligence through our regular Pro Adviser poll.
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Adviser tips

There's more awareness among legal teams of the importance of getting advice at the very beginning and all the way through a divorce, says Ceri Griffiths, principal at Willow Brook Lifestyle Financial Planning.

More women seek financial advice as post-lockdown divorces rise, advisers say

'No longer a big scary journey'

clock 12 January 2022 • 3 min read
SJP compensates client for lack of advice fee clarity and delayed service

SJP compensates client for lack of advice fee clarity and delayed service

Client was left to borrow from family

clock 17 December 2021 • 3 min read
SJP academy sees more than 200 graduate

SJP academy sees more than 200 graduate

801 graduates so far

clock 16 December 2021 • 1 min read