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

Consolidation: Does big equal bad in the advice sector?

Consolidation: Does big equal bad in the advice sector?

'Integrations take time and effort on all sides'

Anthony Carty
clock 17 September 2025 • 4 min read
WIFA 2025 headline sponsor video: LV's Katherine Carnegie on inclusive leadership

WIFA 2025 headline sponsor video: LV's Katherine Carnegie on inclusive leadership

‘Creating a culture where everyone thrives’

Professional Adviser
clock 17 September 2025 • 1 min read
Fintel simplifies model into two divisions as it stresses cultural fit in acquisitions

Fintel simplifies model into two divisions as it stresses cultural fit in acquisitions

The group moves from three divisions to two

Sahar Nazir
clock 16 September 2025 • 2 min read