A new report, produced by the International Longevity Centre – UK (ILC – UK), has added to the body of evidence demonstrating the value of taking professional financial advice.
This report – ‘The Value of Financial Advice’ – found that those who received financial advice accumulated significantly more financial assets and pension wealth than their unadvised equivalent peers. The report shows that those who receive financial advice are on average £40,000 better off at
retirement than those who don’t.
The value of financial advice takes many forms, such as:
- Better investment returns
- Lower costs
- Ensuring future security
- Avoiding common mistakes
- Confidence that you are on track to achieve financial goals
Financial advice can help give peace of mind when faced with an ever increasing array of financial products, coupled with the growing complexity of legislation and taxation.
The report adds to evidence from previous research, such as YouGov’s analysis on behalf of Old Mutual Wealth that showed those who took regular advice could experience a 53% higher income in retirement than those that didn’t.
As a chartered firm, Mottram Financial Services offers informed, professional advice tailored to your objectives and circumstances. If you would like to know more, give us a call – as the research shows, it could pay dividends!
Report published July 2017 by International longevity Centre – (ILC -UK).
The value of investments can fall as well as rise and you might get back less than you invested.