Cost of advice remains 'significant deterrent' to many potential clients

Schroders Personal Wealth's (SPW) Money and Mind Report 2025 found 37% of respondents were somewhat likely and 18% very likely to establish a financial plan, however, 31% of the 1,000 adults surveyed said costs were putting them off.  SPW said women were more worried about the cost of advice than men with 29% highlighting it as a barrier compared to 17% of men. It said this could be because women, on average, "tend to earn less than men and have longer life expectancies, leading to greater financial uncertainty and a heightened sensitivity to potential costs". It added the biggest ...