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

Despite claims tech is improving decision making

clock • 2 min read

Almost two-thirds of women do not know where to go for financial advice, survey finds

Two-in-five (43%) UK adults do not know how to access financial advice, with women more likely than men to not know where to go. The Consumer Intelligence surveyed 1,014 people behalf of advice giant Openwork 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 th...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Adviser / Broking

SJP adds three advisers to build AR firms

SJP adds three advisers to build AR firms

Bringing experience from Fairstone, Santander and Quilter

Isabel Baxter
clock 10 September 2026 • 2 min read
Rosemount renews mental health partnership for advisers

Rosemount renews mental health partnership for advisers

Partnership with SIX MHA

Jaskeet Briah
clock 10 September 2026 • 1 min read
The protection gap is not a surprise. Treating it as one is.

The protection gap is not a surprise. Treating it as one is.

“This is not mysterious. It is what this market is built to produce.”

Tony Müdd
clock 08 September 2026 • 4 min read