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

Carmen Reichman
clock

Research has put a monetary value of £100 a month on retirement advice, while claiming evidence shows people save more when advised earlier on in life.

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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Wren Sterling adds £900m AUM with London-based IFA acquisition

Wren Sterling adds £900m AUM with London-based IFA acquisition

Evans Hart brings nearly 2,500 clients to the group

Sahar Nazir
clock 12 December 2025 • 2 min read
Demand for entry-level talent forces expansion of Nucleus-backed We Are Change scheme

Demand for entry-level talent forces expansion of Nucleus-backed We Are Change scheme

Foundation reports rising demand for entry-level routes into financial services

Sahar Nazir
clock 12 December 2025 • 2 min read
'Mounting anxiety' from Autumn Budget leading to more financial advice enquiries

'Mounting anxiety' from Autumn Budget leading to more financial advice enquiries

Enquiries for financial advice up by nearly a quarter following Budget

Sahar Nazir
clock 11 December 2025 • 1 min read