Young people value financial advice but struggle to gain access

One in two young people not sure where to find advisers

John Brazier
clock • 4 min read

Younger people recognise the value of securing financial advice but around half don’t know how to find an adviser, research from Scottish Widows, shared exclusively with COVER, shows.

A survey conduced among 2,000 UK adults by Yonder on behalf of Scottish Widows, found that three in four (72%) of respondents believe that getting financial advice is important, rising to three in four (81%) among those aged 18-34 and young families. Of those that have secured financial advice, around half of respondents said they feel "confident" (46%) and "more comfortable" (41%) in their financial position. However, more than one in three (35%) of people are "not quite sure" where they should start looking for financial advice. Of more concern, this rises to 51% of young adults and...

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