Consumers and Financial Advice - UK - July 2019
Covered in this report
This report covers the UK financial advice market. This includes a look at the size and makeup of the market and regulatory developments, as well as discussion of providers’ strategies and marketing activity. Mintel’s exclusive consumer research explores the use of different types of financial advice and guidance, common prompts to seek advice, the willingness to pay for advice and the perceptions of different types of advice services. Finally the Report explores a number of attitudes towards financial advice, including the perceived value of advice and willingness to share personal information.
“The financial advice market enjoyed a year of healthy growth in 2018, as revenues reported to the FCA showed an 8% increase on 2017. Looking ahead, overcoming challenges such as convincing consumers of the value of advice and security of online systems are key to further success.”
– Rich Shepherd, Senior Financial Services Research Analyst
This report examines the following issues:
- Focus on life events, not products, could boost appeal of advice
- Online advice has a long way to go to convince the average consumer…
- …but online guidance is a real threat to advisers
What you get
This market report provides in-depth analysis and insight supported by a range of data. At the same time, introductory and top-level content is provided to give you an overview of the issues covered.
Mintel provides a range of market information, frequently through the category level, including market size and forecasting, complete with market drivers that illustrate the forces that shape a category or market.
Mintel's proprietary consumer research provides our analysts with the attitudinal and behavioral data used to provide valuable insight to topical issues.
Mintel provides overviews of the top brands and manufacturers, and uses consumer research to explore attitudes and reactions to brands, as well as insight into what will resonate with consumers.
Market reports provide appendices of data to support the research and insight produced. Our tables of data are easily manipulated and downloadable to support your research needs and covers factors from consumer attitudes to market forecasts.
* This is a sample representation of the report layout and does not reflect the research included in this report.
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