Ongoing financial advice crucial to amplify benefits for clients

Regular contact with an adviser can lead to ‘potentially bigger rewards'

Sahar Nazir
clock • 1 min read

Ongoing advice is expected to "amplify the benefits" of financial planning, according to a Standard Life report.

The firm's Retirement Voice report, which was conducted among 6,350 UK adults from July to August 2023, suggested that more regular contact with a financial adviser can lead to "potentially bigger rewards". For those who talked to their adviser several times a year, almost eight in ten (78%) said they believed it had made them financially better off. This compared to two-thirds (69%) who only saw their adviser every two to four years. Those with the most adviser contact were also the most likely to say that their adviser's support had helped them to make better financial decisions (87...

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