53% of younger savers prefer robo to human advisers

 

New research suggests that millennials, those aged 18-35, are increasingly likely to turn to robo-advisers although trust in human financial advisers remains high.

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73% want financial advice on major life events

Three quarters of consumers (73%) want a financial adviser to help them ‘predict’ how major life moments could affect their finances.

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16-year-olds beat Millennials at personal finance knowledge

A new study suggests that 16-year olds have better money skills than older generations due to the introduction of money education in English schools in 2014.

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7.8m millenials have no savings or investments

Nearly half of UK millennials have little chance of fulfilling the lifestyle aspirations of their parents and achieving the traditional life goals they want because 7.8m have no long-term savings product.

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