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Thursday 19th June 2008
Over half the population of the UK have never taken advantage of the financial advice on offer to them with products such as current accounts.
Research conducted by Zurich has found that as many as 84 per cent of 18 to 24-year-olds have never sought financial advice, while 48 per cent of those married or bringing up children also confessed to going it alone with money issues.
Regionally, it was found that Midlanders are the worst culprits for not accepting a helping hand with their cash - 64 per cent had never used a financial advisor.
Zurich's life marketing director, Tony Solomon, commented: "The sheer number of people walking blind into their financial decision-making presents a disturbing trend in society and an alarming picture for the future.
"It is troubling to know that more than half of the population has never sought financial advice at a time when they most need it."
Giving reasons, over 20 per cent of those quizzed said it was too expensive to have an advisor.
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