Financial advice can boost retirement income by £232 a month

The report, from Unbiased and Standard Life forming part of the Value of Advice Campaign, shows that taking independent financial advice could provide consumers with a retirement income boost of more than £2,780 a year on average. This equates to a monthly increase of as much as £232. The report found that there were three main reasons for this: first consumers who have taken pension advice contribute over one third more to their pension pots than those who have not; second, those who have received independent financial advice are financially better protected than consumers who have n...