Millions turn to advisers in pandemic but advice gap remains

Over two million people asked advisers about protection during the pandemic

clock • 1 min read

Millions more people turned to financial advice during the pandemic, with Openwork Partnership research finding one in eight adults now values professional financial advice.

This is the equivalent of 6.3 million people. Takeup is strongest among those aged under 35, with 23% of adults using financial advice.   Protection products have received greater interest as a result and during the pandemic advisers helped 2.3 million people take a policy out.  Talking to advisers has also benefitted people financially, as around one in six people (16%) said the value of their investments have grown, while 12% say they avoided making mistakes with their mortgage and 11% saw their pension value increase.  Mike Morrow, chief commercial officer at the Ope...

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