L&G urges government to launch regulated guidance market to plug advice gap

'Don't let people sleepwalk into retirement'

clock • 3 min read
Colin Clarke, head of product policy strategy, workplace savings at Legal & General, said: "We're calling for the government to close the advice gap, ensure continuity of support is in place to help pension adequacy and to democratise investments."
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Colin Clarke, head of product policy strategy, workplace savings at Legal & General, said: "We're calling for the government to close the advice gap, ensure continuity of support is in place to help pension adequacy and to democratise investments."

Legal and General (L&G) has called on the government to develop a regulated market for personalised financial guidance to address the advice gap and and allow firms to deliver better financial outcomes for consumers.

In light of the appointment of Chloe Smith to secretary of state for work and pensions, and a new pensions minister due to be announced shortly, Colin Clarke, head of product policy strategy, workp...

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