Hybrid advice providers lack focus on protection and savings

No single provider offers the full hybrid advice journey

Isabel Baxter
clock • 1 min read

Significant gaps remain around protection and savings when it comes to the hybrid advice market, a new study shows.

According to AdviserSoftware.com, a division of the Financial Technology Research Centre (FTRC), hybrid advice providers invested the most amount of time and resources in markets such as the pre, at, and post-retirement. Meanwhile, income protection, buying a home, mortgage protection, and family protection emerged as some of the areas least evolved to date. This includes protection and savings where the most significant advice gaps remain. The study also noted that there is currently no provider that offers the full hybrid advice journey. Obtaining over 6,300 data points, the Advi...

To continue reading this article...

Join Professional Adviser

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Protection

Paul Yates is product strategy director at iPipeline

Protection: Why is service still such a problem?

'Too often across financial services, firms are falling short'

Paul Yates
clock 24 November 2023 • 4 min read
Cost of living pressures fail to entice advisers toward protection work

Cost of living pressures fail to entice advisers toward protection work

Latest findings from Professional Adviser’s weekly PA Asks survey

Hope Coumbe
clock 15 November 2023 • 1 min read
Protection service issues can be solved through collaboration

Protection service issues can be solved through collaboration

Service issues a 'serious blocker to new business'

Neil McCarthy
clock 12 October 2023 • 3 min read