Nearly a quarter (21%) of clients are anxious about the cost of living, according to research by Royal London.
The study, which was carried out with more than 200 advisers, found that reassurance was one of the main benefits to financial advice. According to two-thirds of advisers (66%), their main role during the inflation crisis is offering reassurance to clients. Pensions expert Clare Moffat said: "Rising costs are having a dramatic impact on people and their emotional health and it's at times like this with so much economic uncertainty that an adviser's range of skills comes to the fore. "Having a financial adviser to actively manage a client's wealth brings many benefits, other than ju...
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