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

What's haunting financial advisers this Halloween?

What's haunting financial advisers this Halloween?

Six experts share their spooky thoughts

Professional Adviser
clock 31 October 2025 • 4 min read
Feel Good Friday: Walbrook Institute London hosts graduation for financial advice and banking students

Feel Good Friday: Walbrook Institute London hosts graduation for financial advice and banking students

Celebrating higher education students and advanced LIBF qualification holders

Professional Adviser
clock 31 October 2025 • 1 min read
Protection did not make the targeted support cut and rightly so

Protection did not make the targeted support cut and rightly so

Tony Mudd on saving for tomorrow and protecting today

Tony Müdd
clock 30 October 2025 • 3 min read