Monetary value of advice is £100 a month, claims research

Research from AXA Life Invest found 43% of savers approaching retirement increased their retirement savings by £98 a month as a direct result of taking advice - from £89 pre-advice to £187 after. Advised clients also reap emotional benefits, the research said, as 54% of them stated they feel well prepared for their retirement, compared with 14% of their non-advised counterparts. The study consulted 1,486 pre-retirees, of which 444 were advised and 997 were non-advised, in July this year. The above relates to a sample of 213 advised savers aged 40 and over. There is however no furth...