Majority of Brits have not had financial advice in the last five years

Current inflation rates now have one in ten regretting that decision

Isabel Baxter
clock • 2 min read

The majority (75%) of Brits have not had financial advice in the last five years and now one in ten regret that decision, according to research from independent consultants AKG and Charles Stanley.

Research for the paper - Future of Advice - State of Flux - found that 55% of Brits admitted that they have never seen a financial adviser with a further 20% admitting that, whilst they have seen one in the past, they have not spoken with an adviser in the last five years. With the economic challenges that have occurred such as inflation rates, more than one in ten of the people surveyed admitted that they regret not taking financial advice on a major financial decision, such as retirement planning. The main two reasons given for this regret were that they had underestimated the impac...

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

'Mounting anxiety' from Autumn Budget leading to more financial advice enquiries

'Mounting anxiety' from Autumn Budget leading to more financial advice enquiries

Enquiries for financial advice up by nearly a quarter following Budget

Sahar Nazir
clock 11 December 2025 • 1 min read
Pension sharing on divorce: Why professionals need to step up on PSOs 25 years on

Pension sharing on divorce: Why professionals need to step up on PSOs 25 years on

'Pensions still remain the most routinely overlooked asset in divorce'

Joanna Newton
clock 10 December 2025 • 4 min read
FCA plans to ensure liquidity mismatches do not 'threaten financial stability'

FCA plans to ensure liquidity mismatches do not 'threaten financial stability'

Although good practice exists

Alex Sebastian
clock 09 December 2025 • 2 min read