Two in five people 'don't know how to access financial advice' - Openwork

Despite claims tech is improving decision making

Sophie King
clock • 1 min read

Two-in-five (43%) UK adults do not know how to access financial advice and woman are more lost on the issue than men, according to research from Openwork.

The Consumer Intelligence surveyed 1,014 people behalf of the advice giant and found almost two-thirds (62%) of women did not know where to go for financial advice. This is compared to the 38% of men who said they did not know where to get financial advice. Elsewhere, the research also found a quarter (26%) of people had not started saving for retirement. Close to half (42%) of those surveyed said they do not plan to start saving for retirement until they are aged 55 and over. Around 20% of people polled feared they will never be able to afford to stop work, while the same portion of ...

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

Reeves: Investment 'cannot come at cost of economic responsibility'

Reeves: Investment 'cannot come at cost of economic responsibility'

Budget decisions ‘do not come for free’

Michael Nelson
clock 29 October 2025 • 2 min read
PA Asks: Is AI a bubble?

PA Asks: Is AI a bubble?

Plus, LLP NICs, EIS and ESG ratings

Professional Adviser
clock 29 October 2025 • 1 min read
PA Asks: Most industry professionals 'somewhat confident' in their cybersecurity

PA Asks: Most industry professionals 'somewhat confident' in their cybersecurity

'Attacks are becoming ever more sophisticated’

Sahar Nazir
clock 28 October 2025 • 2 min read