Over a third (38%) of UK Millennial investors have seen their investments grow since the start of the lockdown compared to just 15% of the older Baby Boomer group.

More than 8 in 10 (83%) Financial Planners support a reform of the money purchase annual allowance (MPAA) because of the Coronavirus pandemic, a new survey said.

Investors under 34 were far more likely to have used their time during lockdown to improve or protect their financial position, however only one in ten had contacted a Financial Planner, according to a new survey.

New research has shown that 60% of Financial Planners expect clients to start managing more of their investments, such as pensions and ISAs themselves, instead of using an adviser.