Knowledge

Inflation, Cost-of-Living, and Financial Advice

Where do we turn when money is a concern? Considering the rising cost of living in Britain, this report reveals UK attitudes towards personal finances, inflation, and access to financial advice.

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Read the report

Complete the form to gain access to timely stats and findings from our latest research. You’ll also find key commentary from our financial experts shedding light on:

How the changing global financial landscape is affecting people in the UK

Who is most affected by the rising cost-of-living
Financial resilience and personal spending habits
Common misconceptions towards inflation
When and where we look for financial advice

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Research at a glance

A 2022 study by Charles Stanley and Censuswide; research was carried amongst a UK representative sample of 2,086 UK adults. The survey was completed between 09/06/2022 and 13/06/2022.

58%

of UK adults are worried and losing sleep due to the rising cost of living.

63%

of women say they’re not confident that their finances can withstand the financial squeeze compared with 47% of men.

41%

of UK adults don't fully understand the impact inflation has on the value of cash savings.

48%

of UK adults have never spoken to a financial adviser before.

“Our research sought to look into the financial landscape for UK adults, especially their financial resilience to the current cost of living crisis and their financial literacy. It highlights a clear ‘advice gap’ that exists in the UK and evidences the need to address this issue in providing financial expertise that is straightforward, accessible, and affordable to consumers.”

Lisa Caplan

Director of One Step Financial Plans

How can we help you?

For a one-off £900 fee (including VAT), our Financial Professionals will help you understand your current situation and give you a clear action plan to answer your specific question.

Am I managing my money effectively?

We all have different situations, finances, and plans, but there are common aspects of our finances that we all should check are in order.

We’ll take you through the key areas of your personal finance, helping you understand your current finances and the steps you can take to secure your financial future.

Will I have enough for the retirement I want?

When it comes to planning your retirement, you can’t afford to leave anything to chance. We’ll help you take control, so you have financial security and flexibility over when and how you retire.

Use our pension contribution calculator to understand how much money you’ll have for your retirement. Speak to our planners to explore how we can help you secure the lifestyle you want.

What sort of retirement can I afford?

When thinking about how to draw an income from your retirement savings, professional advice can make sure you make the right decisions for yourself and your family.

Use our drawdown calculator to understand how your savings will fund your retirement as you take an income. Speak to our planners to explore how we can help you plan your retirement and ensure you have enough money for the lifestyle you want.

How can you mitigate your inheritance tax bill?

Inheritance tax (IHT) planning can be difficult because different emotions and expectations often collide. Think about your situation and start early so you don’t leave it too late.

Use our IHT calculator to find out how much tax your beneficiaries might have to pay. Speak to our planners to explore how we can help you find efficient ways to pass on your wealth to others.