Nick Eatock: Demonstrating the value of advice

'Advice makes people twice as optimistic'

clock • 3 min read

All of the data and research points to the fact that not enough people have access to financial advice and, here, Nick Eatock says everybody involved in the advice space needs to help demonstrate the value it provides

As a sector we're constantly bombarded with statistics about our finances. Perhaps the most concerning of these was released by the charity Samaritans this time last year. In a worrying insight into the potentially tragic implications of money problems, it found that one in five of all calls it received is due to ‘extreme financial distress'. With the ongoing impact of the coronavirus pandemic, it's likely that more people will find themselves in financial difficulties in the coming months. In many cases, the key to resolving money issues is earlier access to advice -before the situation...

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 Technology

Longevity, AI, and why we need more empathy in advice

Longevity, AI, and why we need more empathy in advice

'The future of advice isn't about being smarter. It's about being more human'

Ruth Handcock
clock 12 May 2025 • 4 min read
Single pane of glass: Unifying communication supervision across channels

Single pane of glass: Unifying communication supervision across channels

Consolidates communications from multiple channels into a single, real-time dashboard

David Clee
clock 07 May 2025 • 4 min read
AI tech providers see advice firm client numbers swell

AI tech providers see advice firm client numbers swell

Adviser tech providers reveal how AI is driving efficiency, scalability, and personalised service

Sahar Nazir
clock 30 April 2025 • 4 min read