A new report from the retirement specialist, Royal London, entitled ‘Feeling the benefits of financial advice’, estimated that around 17 million people in the UK have received financial advice, with the vast majority feeling positive about their adviser and the services they provide – feeling more confident in your financial plans can certainly helps gain peace of mind.

Royal London’s research suggested that customer satisfaction with financial advisers is higher where there is an ongoing relationship in place, and the benefits of working with a trusted local company, like ours, can be key.

It’s easy to see why clients turned to financial advisers when the pandemic struck. But advice is most powerful – and most rewarding – when it goes beyond a one-off meeting. An ongoing relationship with an adviser amplifies the emotional, as well as the financial, benefits post-lockdown.

The research also considered how the COVID-19 crisis made non-advised customers feel about their finances, with 35% of respondents indicating they felt anxious about their financial situation, and 65% appreciating the value in being more prepared for life’s shocks.

Tom Dunbar, a director at Royal London commented; “COVID-19 will have lasting effects on the nation’s finances for years to come… Now more than ever, households need the reassurance, expertise and confidence that professional advisers can provide to help them weather a difficult financial climate. The industry also has a responsibility to make sure more people are able to get the support they need.”

If you know someone who could benefit from improving their emotional well-being, please take this opportunity to give them our details. With more than 25 years’ experience offering professional financial advice, The Financial Planning Group is here to help.

If you would like to discuss your situation, please call Tim Norris on 0800 731 7614 or e-mail him at tim.norris@fpgonline.co.uk.