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...

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

Jen Frost
Author spotlight

Jen Frost

Editor at Professional Adviser

More on Your profession

Vulnerability management: Consumer Duty all-important as consolidation continues

Vulnerability management: Consumer Duty all-important as consolidation continues

Will customer vulnerability management take over from AUM in 2025?

Andrew Gething
clock 05 February 2025 • 2 min read
Fairstone expands Scottish footprint with 336 Financial Management deal

Fairstone expands Scottish footprint with 336 Financial Management deal

Marking its 29th acquisition in two years

Sahar Nazir
clock 05 February 2025 • 1 min read
Do academies owe young advisers a better duty of care?

Do academies owe young advisers a better duty of care?

‘They don't prepare them for what's going to come out the other side’

Isabel Baxter
clock 05 February 2025 • 6 min read