FAMR evaluation: FCA boasts improvements in access to advice

The regulator said approximately 4.1m adults in the UK have received financial advice - an increase of a third of the 3.1m figure from 2017.  Putting those figures into a wider context, however, of the 14 million UK adults with more than £10,000 in investible assets, 17% receive regulated financial advice, while 29% receive formal guidance and half (50%) no receive any support. A small minority (4%) receive informal guidance. The FCA also noted that estimated assets under "automated advice services" had increased from £0.4bn in 2016 to £3.2bn in 2019. Alongside this it cited the creat...