Millions of "totally disenfranchised" savers could return to financial advice as a result of the government's wide-scale review, adviser Keith Churchouse has said.
Churchouse, who runs Chapters Financial as well as mass-market online advice operation Saidso, welcomed the Treasury and Financial Conduct Authority's Financial Advice Market Review (FAMR). The project, announced on 3 August, will look at how to close the advice gap and help less wealthy savers gain access to regulated financial advice. Churchouse said millions of people had been left adrift from financial advice as a result of the Retail Distribution Review and the subsequent disappearance of bank advisers. He said: "I am very pleased this review is coming through. It is clearly ...
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