Demand for face-to-face financial advice 'remains strong'

Two thirds feel robo-advice won’t meet their needs

Adam Saville
clock • 1 min read

Covid-19 is driving demand for advice and has not diminished popularity of face-to-face support, research from Openwork has suggested.

Nearly one in five (17%) adults said they are now more likely to seek financial advice in the wake of economic hit from Covid-19 rising to nearly one in four (23%) among under-35s, according to new research from advice firm Openwork. Around a third (29%) said the pandemic has knocked their financial planning off course. Nearly two-thirds (63%) still want face-to-face support, despite lockdown and ongoing social distancing measures, while 66% were concerned that robo-advice will not meet their needs. Just under half (44%) said they would benefit from some form of financial advice, risi...

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