Advisers' clients are more likely to save

clock

People who use a financial adviser are much more likely to save money than those who do not, according to research from Standard Life.

The Savings & Investments Index also claims less than a quarter of people have regular access to a financial adviser. Of those surveyed by Standard Life, 76% say they do not have an ongoing relationship with a financial adviser. Of the 24% who do have a relationship with a financial adviser, 77% say they are actively saving for the future, while just 46% of those without an adviser engage in regular saving. “These results highlight a stark comparison – evidence indeed of how important it is that people have regular access to professional financial advice”, says Trevor Matthews, chief exe...

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 Investment

PA Working Lunches: Long-term structural change with Scottish Mortgage

PA Working Lunches: Long-term structural change with Scottish Mortgage

Join us for an informative session worth one hour of CPD

Professional Adviser
clock 25 February 2025 • 1 min read
Partner Insight: How smoothed funds can meet clients' needs

Partner Insight: How smoothed funds can meet clients' needs

Andy Brown, head of fund solutions at Standard Life, explains what led the firm to create its smoothed fund proposition.

Sarka Halas
clock 21 February 2025 • 2 min read
'I'm ready for this, there's no denying': Four reasons to celebrate AIM's 30th birthday

'I'm ready for this, there's no denying': Four reasons to celebrate AIM's 30th birthday

The Alternative Investment Market launched on 19 June 1995

Eustace Santa Barbara
clock 20 February 2025 • 4 min read