Millions turn to advisers in pandemic but advice gap remains - research

Strong take-up among under 35s

clock • 1 min read

Millions more people turned to financial advice during the pandemic, according to Openwork Partnership research, which found one in eight adults now values professional financial advice.

This is the equivalent of 6.3 million people, according to analysis from the company. Take-up is strongest among those aged under 35, with 23% of adults in that age group using financial advice.  Protection products have received greater interest as a result and during the pandemic advisers helped 2.3 million people take a policy out.  Talking to advisers has also benefitted people financially, as around one in six people (16%) said the value of their investments have grown, while 12% added they avoided making mistakes with their mortgage and 11% saw their pension value increa...

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