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Aviva: A Financial Adviser can help get your debts under control

30th May 2023

Approximately two-thirds of UK citizens admit having debts, which financial advisers could help alleviate, allowing them to focus on retirement.

According to Aviva, 67% carry burdensome debts, with over five million adults (9%) unaware of how much they actually owe. For those aged 45 and above, this figure rises to 16%.

The primary debts include credit/store cards (32%), personal loans (16%), overdrafts (15%), and unpaid bills (10%). Debt significantly impacts retirement plans and financial security, leading to stress and reduced income.

In 2023, 52% of 45-54-year-olds experienced increased debt compared to 25% in 2021. About 21% expect to carry debt into retirement.

Aviva found that 38% reduced non-essential spending, while 21% worked overtime or took on a second job. During the past year, 31% faced unexpected bills, often related to Covid's impact on living costs. Although 57% had emergency savings, only 24% used them for unexpected expenses, while 19% used credit cards and 5% tapped into pensions. Rising interest rates may prompt individuals to reconsider retirement plans.

Taking proactive steps like debt consolidation, paying off high-interest loans, reducing expenses, and working with financial advisers can make a significant difference. Planning ahead and ensuring sufficient income for retirement, considering existing debt, is crucial.

The Aviva research was conducted by Censuswide.

Standard Life: Get set for earlier retirement – take financial advice!

4th April 2023

According to a Press Release from Standard Life, their Retirement Voice survey shows that seeking financial advice is key to ensuring an enjoyable retirement at an earlier age. Consumers who had consulted a financial adviser expected to retire aged 66 on average, while those who had not sought advice expected to retire three years later, at 69. The research also revealed:

  • Advised consumers also believe they’ll be able to fund their retirement lifestyle for six more years than those who are not advised - 23 years versus 17 years.
  • 96% of retirees who did a great deal of financial planning and 82% who did just a little financial planning said they were enjoying their retirement. This dropped to 72% among those who had done no financial planning.

Standard Life Retail Advised Managing Director, Chris Hudson, commented: “Our research shows the value of financial advice. It not only positively influences the age at which someone retires, but also whether they enjoy their retirement too. However, financial advice remains inaccessible to many, who either can't afford it or don't know where to get the support they need, while the existing system doesn't allow providers to give personalised guidance that considers individual wants and needs. With the financial regulator (FCA) recognising the issues and holding a consultation into broadening access to financial advice, we'd like to see an environment where consistent, high quality and accessible guidance and advice is made available for all.”


28th March 2023

We are thrilled to announce the launch of the new and fresh Willson Grange website! Our team has been working hard behind the scenes to create an online platform that reflects our values and dedication to providing quality services to our clients.

The new website is designed with our clients in mind, providing a seamless experience that is both user-friendly and informative. It features a modern layout, easy navigation, and enhanced functionality that allows visitors to easily find the information they need about our services, team, and values.

We are proud to showcase our commitment to excellence through this website, which highlights our experience and expertise in the industry. We hope that our clients and partners will find the new website informative and engaging, and we welcome your feedback and suggestions for improvement.

We invite you to explore our new website and learn more about our services and the team behind them. Thank you for your continued support and trust in Willson Grange, and we look forward to serving you through our new online platform.


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