PwC: Financial services reform 'constraining advice'

However, the company said  current reforms to regulation were "constraining" the products and advice available to the consumer. The report, “Where next? Assessing the current and future contribution of the UK Financial Services sector”, launched today, also said if the contribution by financial services was 'weaker' the wider economy could see a smaller GDP rise of 0.2% with only 12,000 extra jobs. Key findings from the report included: •    About 218,000 more jobs could be created in the wider economy across the UK and approximately 47,000 additional jobs in the financial services s...