Financial confidence

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It seems that men feel more confident than women to make financial decisions alone.  When we asked them about their retirement plans, 46 per cent of men were confident about making their own financial decisions, compared to just 32 per cent of women.

However, 17 per cent of our respondents (and 22 per cent of women) who did not seek advice when planning their retirement regretted not doing so, and a further 17 per cent said it was a mistake not to seek advice at the point of retirement itself.

Karen Barrett, Chief Executive of unbiased.co.uk, comments: “The number one reason for people not seeking professional advice, across all major life events, was being confident enough to make their own financial decisions. Despite this confidence, many people regretted not seeking professional advice at the time.

“Taking action early and engaging with your finances can avoid stress further down the line. You may think you’re capable of making these important financial decisions alone, but a professional can give you peace of mind.”

Take a look at our Advice Moments page to read more.

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