Less Than 1 in 10 People Seek Financial Advice in the UK. Don’t Be One of Them

Last year, just 8.6% of people in the UK sought professional advice on their investments, pensions, or retirement planning, according to the FCA’s latest Financial Lives survey. That means more than nine out of ten households are trying to manage their money without support, even as one in ten have no savings at all, another 21% have less than £1,000 to fall back on, and a quarter of the population is classed as financially vulnerable.

It paints a clear picture: households living close to the edge while avoiding the very support that could change that.

Why So Few Seek Advice

For many, advice still feels like something “for the wealthy.” Others believe they can manage on their own or put off decisions until later in life. But delaying often means missing the most powerful advantage available: time. The earlier you start, the greater the effect of compounding, disciplined saving, and structured investing.

The FCA survey underlines how misplaced confidence can quietly erode security. More than 60% of people with over £10,000 in investible assets keep most of it in cash. That may feel safe, but over time inflation chips away at its value. Similarly, a third of those with defined contribution pensions have less than £10,000 saved, far from enough for retirement.

What a Financial Plan Really Delivers

A financial plan isn’t just about picking funds or chasing returns. It connects every area of your life, investments, pensions, protection, cashflow, and estate planning, into one clear strategy. When everything is aligned, you know where you stand today, how prepared you are for tomorrow, and what adjustments you need to stay on course.

Imagine someone in their 30s juggling everyday expenses, a mortgage, and scattered pensions from past jobs. A structured plan can show how much to save each month, where to invest, and how to protect against unexpected events. Or picture a professional in their 40s who has accumulated savings but kept most of it in cash. A financial plan can model how reallocating to a globally diversified portfolio makes the difference between just getting by in retirement or enjoying the lifestyle they want.

These examples aren’t unusual. They are the everyday results of moving from reacting to planning.

The Choice in Front of You

Without a plan, you risk drifting year to year, hoping salary increases or last-minute decisions will be enough. With a plan, you put structure around your goals, protect your family, and give yourself options.

The FCA’s research is clear: those who seek advice feel more in control, less stressed about money, and more resilient when life changes.

If you’re ready to move from reacting to planning, now is the time to take action. Book a free initial planning meeting with us and start building the structure that will shape your future.

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