Advisers give Money Guidance cold shoulder

Research conducted by AIFA suggests only one in five advisers would put their name to the project in its current format. The study will come as a blow to the Government and to Otto Thoresen, the Aegon UK chief executive behind the scheme, who are banking on hefty adviser support to get Money Guidance off the ground. In addition, just under half - 49% - disagreed with Thoresen's assessment that the proposed system’s benefits would outweigh its costs. “While advisers are open to the proposed Money Guidance system, many remain unconvinced of the benefits,” Chris Cummings, AIFA director g...