Why it pays to access financial advice - and why more families can now do so low-cost
Recent changes in government regulations and advancements in technology are making financial advice more accessible to families. A significant percentage of advice firms are now offering lower-cost or free services, aiming to bridge the advice gap. Research indicates that households receiving financial advice tend to be significantly better off compared to those who do not seek professional help.
- ▪Only nine percent of UK adults currently receive financial advice.
- ▪54 percent of advice firms are exploring lower-fee or flat-fee offerings.
- ▪Households that receive financial advice are typically £48,000 better off in pensions and investments than those who do not.
Opening excerpt (first ~120 words) tap to expand
MoneyWhy it pays to access financial advice - and why more families can now do so low-costNew government rules plus changing technology makes money planning more accessible to allLaura Purkess Money writer Friday 29 May 2026 11:25 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"showComments":true,"showBookmark":true,"articleId":"b2985721","articleMeta":{"url":"https://www.independent.co.uk/money/financial-advice-pensions-retirement-investing-targeted-support-b2985721.html","title":"Why it pays to access financial advice - and why more families can now do so low-cost"}}Gabriel Nussbaum on Saving vs…
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Independent.
Discussion
0 commentsMore from The Independent
