Advisers say regulators and government must lead on advice gap

Findings that a ‘clear consensus’ that responsibility lies at the top

Jen Frost
clock • 1 min read

Financial advisers see regulators and government as having the highest responsibility to close the advice gap, according to recent research from The Lang Cat.

In the consultancy's ‘The Advice Gap 2024' report, published today (3 July), more than one in three advisers held the view that regulation has the biggest responsibility to close the widening advice gap. Government ranked in second, while personal responsibility was third. Advisers reported that technology had a marginally greater role to play than the advice profession. Product providers were seen as least likely to hold the highest responsibility to tackle the advice gap issue. There was a "clear consensus" that responsibility lies at the top, The Lang Cat noted in the 87-page re...

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