Half of people would not consider taking advice - Hargreaves Lansdown

‘Led astray by assumptions’

Ayesha Venkataraman
clock • 2 min read

Half of 2,000 people surveyred by Opinium, on behalf of Hargreaves Lansdown, would consider seeking financial advice, with the other half citing the expense and length of commitment as the main reasons for not wanting to do so.

Of those who did not think they would ever take advice, a third (35%) said it was because they already knew what they were doing, a similar number (29%) said it was too expensive and 28% said they lacked enough money to make it worthwhile. Additionally, 21% of those not seeking advice cited their lack of trust in advisers as a reason and 7% dismissed advice for fear of long-term commitment. Those reasons are predicated on false assumptions about financial advice, according to Hargreaves Lansdown. Sarah Coles, senior personal finance analyst at Hargreaves Lansdown, said: "Financial adv...

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