According to the ILC, people who take financial advice are on average £40,000 better off than those who don’t. Clearly this depends on the individual, but this study finds that those who took advice were significantly more likely to save more as well as to invest in the equity market.
We’re all living longer so there’s more of life to enjoy, but this means we should start to plan for retirement earlier. The retirement landscape is constantly changing, so it’s important you understand current and planned changes and what they mean for you as you move towards retirement.
There is going to come a time when you can’t work anymore and therefore can’t earn a regular income. That may seem a long way off but the sooner you start saving for that future, the sooner you will ensure it’s a happy and enjoyable one.