Despite 41% of Britons worrying more about their finances in the latest lockdown compared to the first, only 25% of those with prior investment experience - and 7% of those without experience - relied more on an adviser during the latest lockdown, according to research from wealth manager Netwealth.

Men were more inclined to seek support from an adviser, with 18% relying on a Financial Planner in comparison to 12% of women.

Over the past 12 months those aged 35-44 were most likely to rely on an adviser with 27% seeking financial advice compared to 5% of over 65s.

Netwealth said this shows the disproportionate effect the pandemic has had on the finances of younger people, “triggering an unprecedented shift in their responses and financial attitudes”.

A quarter (24%) of over-35s had made changes to their retirement plan over the last 12 months, suggesting many may have been making significant long-term decisions without independent advice.

Charlotte Ransom, CEO of Netwealth, said: “The pandemic has had an impact on the finances of most across the UK, so it is surprising to see such low levels of engagement with financial advisers and wealth managers who can provide much-needed support in navigating significant pressures during this complex period.”

• Research was conducted by Censuswide between 12 and 16 February. It surveyed 2,041 UK adults aged 35 and over.