One in two young people not sure where to find financial advisers

Young people value financial advice but struggle to gain access

John Brazier
clock • 2 min read

Younger people recognise the value of securing financial advice but about half do not know how to find an adviser, according to research from Scottish Widows shared exclusively with Professional Adviser's sister publication COVER.

This is according to a survey conduced among 2,000 UK adults by Yonder on behalf of Scottish Widows. Three in four (72%) of respondents believe that getting financial advice is important, rising to three in four (81%) among those aged 18-34 and young families. Of those that have secured financial advice, around half of respondents said that feel "confident" (46%) and "more comfortable" (41%) in their financial position. However, more than one in three (35%) of people are "not quite sure" where they should start looking for financial advice. Of more concern, this rises to 51% of you...

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