Vince Smith-Hughes: A Sliding Doors case study

There are two sides to every story

clock • 9 min read

Vince Smith-Hughes runs through a Sliding Doors-type scenario that sees a fictitious couple benefit, or not, from the advice process. Over to Colin and Clare...

Numerous surveys over recent years have highlighted the benefit of taking advice. Over the long term, evidence has shown that advice can result in those who take it being better off to the tune of many thousands of pounds, even at a conservative estimate. It appears that the benefits of taking advice are also filtering down to the next generation, for example, Prudential UK research shows that 67% of people whose parents have a financial adviser also use that same adviser. But what about those who don't and have never sought advice? Sadly, the advice gap remains stubbornly wide. Even ...

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