More than half of under-35s would benefit from advice

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Dec 05, 2019

The majority of under-35s would benefit from regular financial advice, latest research suggests.

In a study commissioned by the Openwork network, 53 per cent of all adults said they would want advice, rising to 61 per cent for the under-35s.

Younger workers were also more interested in workplace guidance, with 51 per cent of 18-24-year olds saying they would like their employer to offer support.

However, only 12 per cent of adults see an adviser regularly, Openwork finds, where a gender gap also exists between men at 15 per cent and women at 10.

This is despite nearly a third of all adults worrying they do not know enough about money and more than a quarter feeling unsure about their financial situation.

Openwork director of learning Claire Limon says: “As we head into 2020, it is crystal clear that the need for high quality financial advice remains as strong as ever. Expanding the number of advisers in the UK is vital…all ages and backgrounds have the potential to make career changes.”

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