Lack of financial advice impacts savings levels

Research carried out by Experian, on behalf of Standard Life, show that 26-65 year olds who don’t have regular contact with an adviser are a third less likely to save regularly compared to those who do. And of the 1,506 respondents, 71% claim not to have a continuing relationship with a financial adviser, while over the last year, 32% of those questioned believed they had saved less than they did a year ago. Simon Douglas, managing director of marketing at Standard Life, says the link between advice and savings is clear, but that it is disturbing how many people are not making regular s...