UK Consumers and Financial Advice market report
Everything you need to make the right decisions
Providing the most comprehensive and up-to-date information and analysis of the Consumers and Financial Advice market, and the behaviours, preferences and habits of the consumer.
Mintel has the answers you’re looking for
What are the key challenges facing the industry and how fast are its rates of growth? Who is the consumer and what do they want? Where are the opportunities, where are the risks and what lies ahead?
What you need to know
The need for advice is arguably stronger than ever before. Advice is compulsory in almost all new mortgage applications, pension freedoms means people have a wide range of retirement income solutions to choose from, and the low interest rate environment means many savers could benefit from investing. However, consumers appear to be confused about the benefits of advice over guidance, at least in part because of the widespread availability of free information online.
Financial advisers have faced a slew of new regulatory requirements in the last couple of years, including the implementation of recommendations from the FAMR, and the introduction of MiFID II and the GDPR. At the same time, firms have been looking for new ways to reach potential clients. This has been the driving force behind the busy acquisitions activity in the market, and the innovations seen in the digital sphere.
This Report focuses on the UK financial advice market. This includes discussion of the size of the advice market, regulatory developments and innovations in products and services. Mintel’s exclusive consumer research looks at the types of financial advice and guidance used by consumers in the last three years, and the products they used advice for. The Report also examines the main reasons why people haven’t used advice, the types of advice they would be willing to pay for, and general attitudes towards advice.
Expert analysis from a specialist in the field
Written by Richard Shepherd, a leading analyst in the Financial Services sector, his extensive knowledge delivers in-depth commentary and analysis to highlight current trends and add expert context to the numbers.
New regulations have caused compliance headaches for advisers, but moves to increase transparency and provide clarity over what services are provided by financial advisers should be embraced and used to better highlight the benefits of advice.
Senior Financial Services Analyst
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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