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

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...