The facts and figures behind the value of advice

Here are some of the most interesting findings from our research into the value of advice.

Advice can boost your pension pot

According to research by Unbiased, UK savers who take advice save on average £98 more every month and receive an additional income of £3,654 every year of their retirement, based upon a pension pot of £100,000.

Seeking advice when young makes you better prepared for retirement

Our research found a directly correlation between people’s readiness for retirement and how early they had sought financial advice. We asked a sample of 213 UK savers ‘How prepared do you feel for retirement?’ and this is what we found:

Early advice is better – but it’s never too late

In a poll of over 200 IFAs listed on, we discovered that most advisers are confident of boosting a client’s retirement income if consulted 15 years before retirement. This figure drops closer to retirement, but more than a quarter of advisers are still confident they can boost retirement income if approached at the point of retirement itself.

One in three who take financial decisions without independent advice later regret them

Our research found that over a third (34 per cent) of those who have purchased or arranged a financial product themselves have later regretted the decision, rising to 41 per cent of males and 47 per cent of people in their twenties.

Ironically the same research found that, of the people who had never sought financial advice, 40 per cent said the reason for this was that they were confident making their own decisions.

Many people have topsy-turvy financial priorities

In a survey of 166 independent financial advisers, we asked them to name the top five most important areas for seeking advice. We compared these against the top five areas for which consumers typically seek advice, and found that people may not be asking for advice about the most important things.

These are just a few examples of how financial advice can deliver value in the areas of money, knowledge, opportunities, security and peace of mind. For a more detailed picture of what a financial adviser can do for you personally, speak to one today.