Delays cause 'inefficiencies' in male-dominated advice sector

Clients and advisers frustrated by red tape

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Heather Hopkins: “The most dramatic finding is the inefficiencies at the heart of retail investing."
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Heather Hopkins: “The most dramatic finding is the inefficiencies at the heart of retail investing."

Financial advice is still dominated by middle-aged men and red tape is causing lengthy delays for clients accessing advice, research by NextWealth and the Personal Finance Society (PFS) has found.

The consultancy and trade body together surveyed 482 PFS members in July and found just a fifth (20%) of financial planners were female, while the average age of planners was 49. Elsewhere, it f...

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