Greater London leads in adults seeking advice, Midlands lag behind

Midlands residents least likely to seek financial advice

Sahar Nazir
clock • 1 min read

Adults in Greater London are most likely to seek financial advice while those from the Midlands are least likely, the Financial Services Compensation Scheme (FSCS) has found

The research was conducted by FSCS which last week (12 May) released the third series of consumer research papers on consumer trends, attitudes and behaviours towards financial products and the protection that it offers. It was found that adults with savings, investments or a mortgage living in Greater London had been the most likely to seek financial advice in the last five years - with almost half (49%) of them saying they did so. This was followed by South England (38%), Scotland (36%), North England (34%), and Wales (33%). Adults living in the Midlands were the least likely to ...

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

Three advisory firms join Quilter's advice network

Three advisory firms join Quilter's advice network

Efinity Wealth, Harris & Co Wealth Management, and Secure Financial Planning

Sahar Nazir
clock 18 December 2024 • 1 min read
Advisers struggle to identify ESG-aligned options for clients amid rising demand

Advisers struggle to identify ESG-aligned options for clients amid rising demand

More than two-fifths plan to offer ESG analysis services to all clients in future

Sahar Nazir
clock 17 December 2024 • 2 min read
SJP at a crossroads: Can CEO FitzPatrick reinvent the wealth giant for a new era?

SJP at a crossroads: Can CEO FitzPatrick reinvent the wealth giant for a new era?

First year marked by challenges and change

Sahar Nazir
clock 17 December 2024 • 11 min read