Harriett Baldwin: Urgent action needed to plug advice gap

'Doing nothing to fix the advice gap is a choice’

Sahar Nazir
clock • 2 min read

The UK government and the Financial Conduct Authority (FCA) are being called on to “act urgently” and increase access to financial advice.

Speaking today (5 March) at the Dynamic Planner Scaling Success conference, MP and Treasury Committee chair Harriett Baldwin said urgent intervention from policymakers would help make people financially resilient over time as the majority would not be able to access regulated financial advice. Speaking a day before the Spring Budget (6 March), Baldwin told delegates: "Most (92%) of my constituents will not be able to tap into the expertise of advisers. "We want more people in this country to be prepared for the highs and lows of finance. We have millions more people paying into their ...

To continue reading this article...

Join Professional Adviser for free

  • 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 Your profession

SFO secures six-figure confiscation order against Axiom Legal Financing fraudster

SFO secures six-figure confiscation order against Axiom Legal Financing fraudster

David Kennedy is currently serving an eight-year prison sentence

Sahar Nazir
clock 22 December 2025 • 1 min read
Private markets push meets adviser pragmatism: 'Real shift will come when advisers are empowered, not pressured'

Private markets push meets adviser pragmatism: 'Real shift will come when advisers are empowered, not pressured'

Higher proof-of-value demands and operational challenges keep private markets on margins of UK advice portfolios

Sahar Nazir
clock 19 December 2025 • 9 min read
Feel Good Friday: Tyndall Partnerships supports charity drive delivering Christmas aid to over 500 families

Feel Good Friday: Tyndall Partnerships supports charity drive delivering Christmas aid to over 500 families

Business development exec Lawrence Patrick joined charity The Mehiel Foundation

Professional Adviser
clock 19 December 2025 • 1 min read