Advice Gap
Eye-watering inflation will widen advice gap
Advisers have identified it as the ‘single biggest challenge’ they currently face
Financial guidance reform to spur ‘cultural change’ in advice sector
UK parliamentary committee amendment will provide clarity on advice-guidance blurred lines
Should financial advisers lower their fees?
29% of UK adults said they would not go to an IFA because it was too expensive
Best Practice | 5 Nov 21
Just 7% of Brits paid for financial advice in past two years
‘Memories of a sales and commission driven culture at some firms’ has ‘damaged people’s view’ of industry
60% of UK advisers turned away clients in past year
While Brits want local councils to recommended IFAs to help with later life planning costs