46% of individuals in the UK have never reviewed their finances with a professional, according to a YouGov survey for Paymentshield.

The insurance provider believes Brits are taking a significant risk with this lack of advice, especially in the current era of economic uncertainty.

The survey also found that only 26% of people have reviewed their finances with a professional in the last two years, signifying a further lack of attention and planning.

Neil Galjaard, insurance director at Paymentshield, said: “These figures from the survey are pretty startling. It appears that members of the public are making decisions based on their own assumptions