Two in five investors (40%) believe their biggest financial regret in life was failing to invest earlier, according to a new report.
Other common regrets, shared in Fidelity’s study of 1,000 UK investors, included not staying consistent with contributions (19%) and not making better use of tax-efficient accounts such as ISAs (17%).
When asked what advice they would give to someone new to investing, the most common advice was to start as early as possible (38%).
Other commonly shared advice included: avoiding panic during times of volatility (28%), focusing on long-term investing (26%), seeking professional advice (24%) and staying invested rather than dipping in and out (23%).
Marianna Hunt, personal finance expert at Fidelity, said: “The analysis highlights the value of time in the market and the difference it can make over the long term. Even beginning a few years earlier, or maintaining regular contributions, can have a meaningful impact."
The FCA said it will work with the Treasury on options for a regulatory framework for open finance by the end of 2027.
Firms will be supported to introduce open finance products sooner where they are already able to access data and appropriate permissions are in place.
• Opinium surveyed 1,000 UK investors on behalf of Fidelity between 12 February and 11 March.