Vince Smith-Hughes: A Sliding Doors case study

There are two sides to every story

clock • 9 min read

Vince Smith-Hughes runs through a Sliding Doors-type scenario that sees a fictitious couple benefit, or not, from the advice process. Over to Colin and Clare...

Numerous surveys over recent years have highlighted the benefit of taking advice. Over the long term, evidence has shown that advice can result in those who take it being better off to the tune of many thousands of pounds, even at a conservative estimate. It appears that the benefits of taking advice are also filtering down to the next generation, for example, Prudential UK research shows that 67% of people whose parents have a financial adviser also use that same adviser. But what about those who don't and have never sought advice? Sadly, the advice gap remains stubbornly wide. Even ...

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 Your profession

Canada Life to sell onshore bond business to insurance firm Chesnara

Canada Life to sell onshore bond business to insurance firm Chesnara

Strategic review prompts transfer as Chesnara expands life and pension portfolio

Sahar Nazir
clock 23 December 2024 • 1 min read
Happy holidays from Professional Adviser

Happy holidays from Professional Adviser

Regular newsletters and content will resume on 2 January

Jen Frost
clock 23 December 2024 • 1 min read
The state of financial vulnerability in 2024 and what 2025 holds

The state of financial vulnerability in 2024 and what 2025 holds

'Most firms are now heading in the right direction with their vulnerability processes'

Richard Farr
clock 20 December 2024 • 3 min read