Regulatory change call

Professional Adviser
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Regulation should change to create three tiers of advice for those on different income levels if the...

Regulation should change to create three tiers of advice for those on different income levels if the UK is to have adequate pensions provision, according to the ABI's latest findings. The report was compiled for the ABI by Oliver, Wyman & Company to address the savings gap, the shortfall in savings levels that government actuarial advice estimates at more than 50%. Richard Surface, global head of the insurance practice at Oliver, Wyman & Company, said a three-tiered approach to advice was needed to make sure everyone had adequate and appropriate advice. Oliver, Wyman & Company argue ...

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