ABI calls for fundamental financial advice overhaul as consumers shun fees

72% of people do not want pay for financial advice

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Huw Evans: "With millions of people exercising unprecedented freedoms to make retirement choices, we need a system of guidance and advice that helps the majority, not a minority."
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Huw Evans: "With millions of people exercising unprecedented freedoms to make retirement choices, we need a system of guidance and advice that helps the majority, not a minority."

The Association of British Insurers (ABI) is calling for financial advice and guidance overhaul after a survey revealed that nearly three-quarters of people will not pay for advice.

The ABI believes changes are needed to shift the advice and guidance boundary and to enable customers to get advice that it is simpler and more affordable. A poll of more than 2,300 people condu...

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