Thoresen hints at decentralised generic service

Speaking at savings conference in London, Thoresen gave his first indications of the outcome of his Review of Generic Financial Advice. He says the new generic financial service’s structure would lie between a "monolith" approach (a single organisation providing all aspects of the service), a "decentralised" approach (consist of a small central body with an advisory, strategic and accreditation function, but with actual services delivered by external providers) or a hybrid option. Thoresen said the Review has identified a strong feeling the new service needs to build on the existing infr...