More than 24 million Brits have never accessed financial advice

A third believe their personal situation is too simple to benefit

Jen Frost
clock • 3 min read

A total of 24.6 million people across the UK have never accessed financial advice or guidance, St James’s Place (SJP) research has found.

  Relevance was cited as the biggest barrier to Brits seeking out financial advice or guidance. A third (33%) said that their personal situation was too simple to require advice. Nearly one in ten (8%) said they were unaware of the potential benefits. Meanwhile, one in seven (14%) of those aged 18 to 34 and one in 20 (6%) over-55s felt it was either too early or too late to seek advice. "Financial advice and broader guidance can transform lives, but millions are not reaping the benefits because perceived barriers are holding them back," said SJP CEO Mark FitzPatrick. "Many believe ...

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

Feel Good Friday: FOS chooses Dementia UK as charity partner

Feel Good Friday: FOS chooses Dementia UK as charity partner

Will support Dementia UK over the next two years

Professional Adviser
clock 01 May 2026 • 1 min read
Why 50:50 parenting doesn't necessarily mean no child maintenance

Why 50:50 parenting doesn't necessarily mean no child maintenance

'In many cases, one parent will meet a greater share of the children’s financial needs'

Clizia Motterle
clock 01 May 2026 • 4 min read
Hilbert Investment Solutions launches structured product adviser academy

Hilbert Investment Solutions launches structured product adviser academy

Focused on improving understanding

Sophia Panayi
clock 30 April 2026 • 2 min read