The coronavirus pandemic has forced some UK investors to think differently about their financial situation, according to a recent survey.
Financial services firm Sanlam UK surveyed just over 2,000 adults and found almost half of Brits (46%) are planning to get their finances in order as a direct result of the covid-19 outbreak.
Of these, 49% are confident DIY investors, 13% are those who plan to speak with a financial adviser for the first time, and 25% will revisit or speak with a financial adviser, having done so previously.
Another 13% would like to speak with an adviser, but believe it would cost too much, or that they don’t have sufficient assets to make it worthwhile.
Natural process
John White, chief executive of Sanlam UK’s wealth division, said: “It’s natural that people’s thoughts turn to their finances in times of crisis.
“In addition to unprecedented uncertainty about jobs, people’s businesses and investments, there is also a sense that people want to ‘get their house in order’ when it comes to things such as what inheritance they plan to pass on and their long-term financial resilience.
“It’s good to see that nearly half of adults are planning to take action.
“We would encourage people to seek advice where appropriate; especially those who are running businesses or self-employed, looking at inheritance or retirement, or have investments or are planning to get started investing for their future.”
