Stop talking 'Versus' to consumers on advice - TPAS chief

Speaking on a panel at the Personal Investment Management & Financial Advice Association (PIMFA) summit about the challenges to financial advice, the Pensions Advisory Service (TPAS) chief executive said: "The one area, as an industry, I would love to see us change is to stop talking in ‘Versus'. "All the time we talk about ‘active v passive', ‘guidance v advice', ‘IFA v restricted adviser' - that is what the consumer hears and they think, 'Whoa I give up'," she said. With more than 50 pension products on the market, Cracknell said this would be one avenue towards simplifying the fina...