One in five people in the UK are thinking about seeking professional financial advice, according to research from insurer Zurich.
The research shows 19% of those surveyed are thinking more about seeking professional financial advice, with a quarter giving more consideration to wills and inheritance planning and nearly one in five thinking about protection products such as critical illness cover.
The research also shows more than half (51%) of those surveyed are now looking to prioritise saving for an unexpected event or loss of income.
A third (32%) are putting more money away, while almost half (46%) are spending less on a day-to-day basis. Nearly two thirds (65%) say they are now very mindful about their money and 38% are giving more consideration to financial planning. A similar number (39%) are thinking more about savings and investments.
Commenting on the findings, Louise Colley, Zurich’s director of protection said: “The past 15 months really have brought into sharp focus the importance of our livelihoods and finances with many concerned about their health and financial security.
“But despite these tough times, it’s reassuring to see people taking stock and thinking positively about how they can bolster their situations. It would be hugely positively step to see more consumers seek professional financial advice so that they can put in place all of the support they need to give them peace of mind should the worst happen.”
