Affordable advice gap at record level, OpenMoney research reveals

Six million Britons would pay for cheaper financial advice

Julia Bahr
clock • 2 min read

The affordable advice gap has widened to a record level, research by robo-adviser firm OpenMoney has found.

The affordable advice gap, where people are willing to pay for advice but think it is too expensive, is at a record level, according to OpenMoney. Nearly six million British people would now pay for advice if it cost less, up from 5.3 million last year, the research found. The survey of over 2,000 adults is the basis of the robo-adviser's third annual advice gap report, which looks at reasons why some people are willing to take financial advice and why others are not. Nearly three-quarters (72%) of respondents have not paid for financial advice in the past two years, according to Open...

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