Millennials confident on investing without seeking financial advice

Social media is helping younger investors feel confident

Sahar Nazir
clock • 1 min read

Millennials are centre among the least likely age group to seek out financial advice when it comes to investing, according to the Financial Services Compensation Scheme (FSCS).

The study is the third report published in a series of consumer research papers and looked at UK consumers' attitudes towards financial advice. It found that young people between the ages of 18 and 34 were most likely to agree that it should be easy to invest without needing professional financial advice. A total 60% of Millennials (individuals born between 1981 and 1996) and 57% of Generation Z (people born between 1997 and 2009) with financial products said that they can find "good financial advice online". Meanwhile, nearly half (44%) of Generation Z said they can source "good f...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Wren Sterling adds £900m AUM with London-based IFA acquisition

Wren Sterling adds £900m AUM with London-based IFA acquisition

Evans Hart brings nearly 2,500 clients to the group

Sahar Nazir
clock 12 December 2025 • 2 min read
Demand for entry-level talent forces expansion of Nucleus-backed We Are Change scheme

Demand for entry-level talent forces expansion of Nucleus-backed We Are Change scheme

Foundation reports rising demand for entry-level routes into financial services

Sahar Nazir
clock 12 December 2025 • 2 min read
'Mounting anxiety' from Autumn Budget leading to more financial advice enquiries

'Mounting anxiety' from Autumn Budget leading to more financial advice enquiries

Enquiries for financial advice up by nearly a quarter following Budget

Sahar Nazir
clock 11 December 2025 • 1 min read