One in five adults are saving or investing less because they cannot access financial advice on how to handle their money, research from the Nottingham Building Society has found.
The study found 21% of adults believe they are not saving as much as they could, and estimated they could put away an extra £134 a month on average if they could get financial advice - the equivalent of more than £1,600 or three weeks' average earnings before tax. It found the young are the worst affected by lack of advice - nearly a third (30%) of under-35s believe they are not saving enough compared with just 12% of the over-55s questioned. About 20% of the 1,079 adults surveyed said they have struggled to access advice on savings in the past two years, and 11% struggled to get advi...
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