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 ...

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