Financial planning ‘not just for the wealthy’

Almost three quarters of Britons feel that financial planning is relevant to everyone and not just wealthy individuals, according to a YouGov poll carried out in association with National Savings & Investments (NS&I) for Financial Planning Week.

Financial Planning Week, 21-27 November, is being run by the Institute of Financial Planning (IFP). IFP is running a series of daily polls with consumers throughout the week to gather views on a range of topics.

Nick Cann, chief executive of the IFP, said: “It is tremendous to see that people are aware that Financial Planning is relevant to everybody and not just the wealthy. They’re absolutely right of course, but it needs to be recognised as such if we are to see more action to help people get to grips with their finances.”

Article continues after advert

He highlighted that the consumer survey showed that people “are not sure” what plans they need to make or where they could go to get help or advice.

Mr Cann said: “We are particularly encouraged that through the Financial Planning Week campaign we’ll be able to help more and more people access financial planning tools and services by bringing it to the mass market.

“By making the planning process more interesting, engaging and affordable we hope to encourage people to take some simple steps to improve their financial ‘fitness’."

YouGov polled 2,116 people for the survey.