The number of savers and investors seeking professional help when making important financial decisions is shrinking.
Just 9 per cent of consumers paid for financial advice in the past two years, down from 11 per cent in 2023, according to the consultancy firm the Lang Cat.
Solving the problem of the so-called advice gap is something that the City watchdog, the Financial Conduct Authority (FCA), has long been concerned about. It believes you could be losing out if you don’t get proper advice about your pensions and investments.
There are some areas of your finances that it might be smart to get professional help with and others where you can go it alone. So before you go running into the arms of a costly adviser,
