Clients of financial advisers can hope to be almost two-fifths a year better off in retirement than those who opt to take financial decisions by themselves, according to research by Dunstan Thomas.
A survey by the firm found adviser clients could on average hope for a total post-retirement, pre-tax household income of £33,557.45, compared with £20,373.40 for those who have made all their retirement income provisioning decisions alone. Dunstan Thomas director of retirement strategy Adrian Boulding said: "While it is inevitable those who go to an adviser for assistance have more savings to manage in the first place, it is worth noting financial advisers instil the financial disciplines of saving, planning and reviewing progress, which helps build long-term savings." Even so, the s...
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