ABI proposes 'streamlined' financial advice

It says the distribution of financial services needs to be reviewed to allow consumers who do not require full advice to access "something more" than the basic level offered throuh Money Guidance, which is currently being piloted. In its Savings Manifesto, launched today, the ABI says it is currently developing a streamlined advice service to plug this gap. According to the ABI, savings products delivered through this service would be designed to meet simple consumer needs, "with the benefits, limitations and charges of the products easily explainable to the consumer". It adds th...