Financial advice provides '£47k wealth uplift' over a decade

Sophie King
clock • 2 min read

Financial advice provides an average £47,000 wealth uplift in just ten years, according to analysis by Royal London and the International Longevity Centre (ILC). The research also found the proportionate impact of taking financial advice is greater for those of more modest means. Of 4,100 people surveyed, those who ‘were just getting by' with their wealth had a 35% uplift from taking advice, while those who were defined as ‘affluent' had a 24% gain. When it came to pension wealth, the affluent group had an uplift of 11% and those who were just getting by had an uplift of 24%. The rese...

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

Adviser soft skills are 'crucial' and have 'never mattered more'

Adviser soft skills are 'crucial' and have 'never mattered more'

‘Soft skills have always been important but are now crucial’

Isabel Baxter
clock 17 June 2024 • 1 min read
'Our industry could benefit from better representation'

'Our industry could benefit from better representation'

‘There's a revolution underway, but there's more work to do'

Isabel Baxter
clock 17 June 2024 • 2 min read
PA Asks: Which party manifesto proposals for FS do you favour?

PA Asks: Which party manifesto proposals for FS do you favour?

This week’s poll also looks at the lifetime allowance and NI cuts

Professional Adviser
clock 17 June 2024 • 1 min read