The key data on why financial advice adds value
By Mark Battersby, 24 Aug 17
Those who received financial advice in the 2001-2007 period had accumulated significantly more liquid financial assets and pension wealth than their unadvised equivalent peers by 2012-14, a report by the UK think tank International Longevity Centre supported by Royal London has found.
Those who had received advice in the 2001-2007 period also had more pension income than their peers by 2012-14:
- The ‘affluent but advised’ group earn £880 (or 16%) more per year than the equivalent non-advised group
- The ‘just getting by but advised’ group earn £713 (or 19%) more per year than the equivalent non-advised group
Tags: Royal London
