The cost of no financial advice
March 14th, 2018
November 2017 research from Nottingham Building Society has found that – with the support of financial advice – better savings habits can be developed.
On average, Nottingham discovered people put £1,600 less away every year when they don’t have access to financial advice. One in five of us say they are saving less because they’re unable to find suitable financial advice on how to properly handle their money. 21% admit they don’t think they’re saving as much as they should.
Amongst those who aren’t receiving financial advice, they believe they’d be able to put aside an average of £134 a month for their future – which works out at more than £1,600 in lost savings every year.