Research from HSBC’s insurance business, HSBC Life, has found financial advice has a fundamental link to physical and mental health.
The +Factor study, which surveyed over 3,000 UK adults, found that almost three quarters (72%) of people who review their financial plan at least once a year said they benefit from average or above average mental health. In contrast, half (50%) of respondents that indicated they do not have financial planning said they have below average mental health. Financial advice was also found to play an important role in maintaining positive mental and physical wellbeing, with around three quarters (74%) of respondents that have sought professional financial advice likely to have average or ab...
To continue reading this article...
Join COVER for free
- Unlimited access to real-time news, key trend analysis and industry insights.
- Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
- Receive breaking news stories straight to your inbox in the daily newsletter.
- Members only access to monthly programme 'The COVER Review'
- Be the first to hear about our CPD accredited events and awards programmes.