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Better lifestyle for retirees who seek financial advice

Consumers who take financial advice are likely to maintain a better standard of living in retirement.

Research by Fidelity found that 70 per cent of retired consumers who had taken advice did not have to cut back on their lifestyle and spending habits while 60 per cent of those who did not take advice were forced to limit their spending.

Fidelity surveyed 1,141 people and found that 75 per cent of respondents had not consulted an adviser for retirement planning advice.

Thirty per cent of people who used an adviser had a retirement fund worth £50,000 or more compared with 15 per cent of those who did not seek advice.

President of institutional business Simon Fraser says: “Our research has highlighted the worrying fact that only a quarter of people are switched on to the significant benefits of seeking financial advice now in order to prepare for old age.

“The sooner people start to save, the more the potential value of their investment. One pound invested in a pension at age 25 has the potential value by age 60 of £7.88 compared with just £3.37 for savers who started at age 40.”


Skandia boosts Old Mutual profits

Old Mutual released the first set of results since its acquisition of Skandia which saw sales of life and pension products more than double to £732m on an annual premium equivalent basis.The acquisition of Skandia by Old Mutual was completed in February 2006 and this boosted the provider’s operating profit by 39 per cent from […]

Investec shuns equity income

Investec Asset Management managing director David Aird says the firm will not try to compete in the equity income sector and is focusing on expanding its cautious managed and global equities funds. Investec has 26 UK funds but none in the highly competitive equity income sector but Aird says the cautious managed fund run by […]


The Brunner Investment Trust – April 2017

Welcome to the latest update for The Brunner Investment Trust PLC from the Trust’s portfolio manager, Lucy Macdonald. Market Review Global equities have rallied over the first quarter of 2017, buoyed by signs of strengthening growth and optimism over company earnings, although this rally has faded towards the quarter end. US equities posted their strongest […]


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