50% of Public Would Use Holistic Digital Advice to Save Money

Research by AdviserSoftware, part of FTRC, has found that

• Just 19% of adults in the UK use financial advisers.  That’s less than 1 in 5 adults.
• 50% of adults would use holistic, digital financial advice if it were available to the masses.

The above research all forms part of submissions to the government on how to breach “the advice gap” and why so many people are not saving enough in pensions.

See Pensions Commission Reborn: Pensions Commission

Comment

The costs of providing holistic guidance and digital solutions are so much cheaper once the service is established.

Holistic Advice means:  “characterized by the belief that the parts of something are interconnected and can be explained only by reference to the whole.”  This is true of financial planning in that your taxes, your income, you investments, your retirement, your ability to pay your bills and save, your health and your life expectancy, as well as your general behaviour due to education and life experience are all interlinked.

Digital Advice:  more and more of us use our smartphones and tablets for banking, mortgages, accessing pension and investment valuations and the next ‘boom’ will be ‘robo’ advice.

Our Proposition:  We have been working on a digital and holistic financial platform for 10 years and in 2026 we aim to launch this as an App but also combine this with AI to make it easier for your data gathering in the you much of your information and views will be able to be offered without your completing huge financial questionnaires.  You will then receive an automated ‘digital report’ with signposts to areas that need addressing and prompts/nudges to actions and solutions.