Personalised advice may encourage greater saving and investing

Non-investors would be encouraged to invest if they had personalised advice

Isabel Baxter
clock • 3 min read

Greater personalisation may encourage greater saving and investing in UK although there are limits to how much, Personal Investment Management & Financial Advice Association (PIMFA) research finds.

A greater focus on personalised communications may help to improve engagement in financial services, the PIMFA report concluded. The report A Little More Personalisation produced by PIMFA in partnership with market research firm Savanta, surveyed more than 500 UK adults with £10,000 of investable assets. The research sought the views of those that described themselves as advised investors, do-it-yourself (DIY) investors and non-investors. It found more than a fifth (22%) of those who identified as non-investors would be encouraged to invest if they were able to access some form of bas...

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

'Dinosaurs go extinct': Former Progeny CTO warns platforms must evolve or die

'Dinosaurs go extinct': Former Progeny CTO warns platforms must evolve or die

Tim Thompson Rye warns advice platforms must embrace digital transformation

Sahar Nazir
clock 31 January 2025 • 2 min read
Advice firms called to 'create tech team' to fully embrace AI

Advice firms called to 'create tech team' to fully embrace AI

‘A tech team can look at the most important problems your firm needs to solve’

Sahar Nazir
clock 31 January 2025 • 2 min read
Feel Good Friday: CISI gives nearly £250,000 to financial education charities

Feel Good Friday: CISI gives nearly £250,000 to financial education charities

Providing support to Get Set Girls, RedSTART Educate, and Crosslight Advice

Professional Adviser
clock 31 January 2025 • 1 min read