Millennials confident on investing without seeking financial advice

Social media is helping younger investors feel confident

Sahar Nazir
clock • 1 min read

Millennials are centre among the least likely age group to seek out financial advice when it comes to investing, according to the Financial Services Compensation Scheme (FSCS).

The study is the third report published in a series of consumer research papers and looked at UK consumers' attitudes towards financial advice. It found that young people between the ages of 18 and 34 were most likely to agree that it should be easy to invest without needing professional financial advice. A total 60% of Millennials (individuals born between 1981 and 1996) and 57% of Generation Z (people born between 1997 and 2009) with financial products said that they can find "good financial advice online". Meanwhile, nearly half (44%) of Generation Z said they can source "good f...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

News editor's view: Let's give it up for the small advice firms

News editor's view: Let's give it up for the small advice firms

The news editor's Friday Night Takeaway from 22 May

Isabel Baxter
clock 22 May 2026 • 4 min read
Women more likely to seek professional financial advice – research

Women more likely to seek professional financial advice – research

Twenty percent of women likely to seek advice

Sophia Panayi
clock 22 May 2026 • 2 min read
The expectation gap: Why suitable advice can still fail the client

The expectation gap: Why suitable advice can still fail the client

'The industry is moving from suitability, to understanding and now to expectation management'

Elly Dowding and Lee Coates
clock 22 May 2026 • 4 min read