Gov't should create national financial advice network - report

The report published by the Resolution Foundation says up to 15m people in the UK on low to moderate incomes currently lack access to financial advice. It draws on modelling by Deloitte & Touche to estimate the potential impact of providing financial advice to those on lower incomes in the UK and suggests the government should consider creating a national financial advice network that could help achieve several public policy objectives. It argues financial advice to low and middle income earners could result in government spending on Pension Credit being reduced by £100m a year within 10 ...