Delays cause 'inefficiencies' in male-dominated advice sector

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 found clients wait up to four weeks from their first point of contact with a planner before they receive advice, mainly because financial planners need to wait for providers to release information on existing policies. NextWealth managing director Heather Hopkins said: "The most dramatic finding is the inefficiencies at the heart of retail investing. The lengthiest step in the process is waiting...