Tom Dunbar: Putting a number on the value of advice

clock • 3 min read

Royal London, in conjunction with the International Longevity Centre recently put a number on how much financial advice is worth to those who receive it. Here, Tom Dunbar elaborates on the findings of that research...

There are many myths and misconceptions around financial advice: some say it is only for high net worth people while others believe the fees are too high. In recent years we have worked with the International Longevity Centre - UK to expose these myths and quantify the value of financial advice. In What it's worth - Revisiting the Value of Financial Advice data was analysed from the ONS'sWealth and Assets survey, which has tracked the wealth of thousands of people over two yearly "waves" since 2004-06 - we are currently on Wave 5. Through this we've been able to look at the financial ...

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

Women in Financial Advice Awards 2026: Winners' gallery

Women in Financial Advice Awards 2026: Winners' gallery

Championing women in advice and financial services

Professional Adviser
clock 05 November 2026 • 1 min read
Women in Financial Advice Awards 2026: All the winners revealed!

Women in Financial Advice Awards 2026: All the winners revealed!

WIFA 2026 awards were presented at a gala dinner on 4 November

Professional Adviser
clock 05 November 2026 • 12 min read
It's a family affair: How advisers can close the participation gap

It's a family affair: How advisers can close the participation gap

Small changes to everyday conversations and meetings that make the biggest difference

Jenny Davidson
clock 04 November 2026 • 4 min read