Interest in financial advice, protection up due to pandemic

Zurich research

John Brazier
clock • 1 min read

Around one in five people in UK considering financial advice or taking protection cover due to Covid-19

According to Zurich's research, conducted in May this year, the pandemic has caused people to revaluate how they manage and spend their money, with a greater focus on saving, being more mindful of spending and preparing for the unforeseen. While 51% are now prioristing savings to prepare for unexpected events or loss of income, around one-third (32%) are taking action by increasing the amount they are setting aside. Meanwhile, around one in five people (19%) are considering seeking professional advice on their finances, with the same percentage of people thinking about taking out prot...

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

COVER Protection and Health Summit 2025: Morning roundup

COVER Protection and Health Summit 2025: Morning roundup

Insurers "need to innovate better" on long-term care

Jaskeet Briah
clock 11 November 2025 • 4 min read
IHT planning: save it for the fourth date

IHT planning: save it for the fourth date

'A whole of life option may often be more accessible than people think'

Edward Durrell
clock 11 November 2025 • 5 min read
Rosemount adds 16 advisers

Rosemount adds 16 advisers

Network posts net growth of 23.5%

Isabel Baxter
clock 07 November 2025 • 2 min read