Octopus Money CEO Ruth Handcock warns advice gap to worsen

Speaking to Professional Adviser, Handcock pointed out that the minimum asset threshold for receiving financial advice has skyrocketed to £240,000, leaving 92% of people without the help they need. "Octopus Money is squarely focused on the advice gap. I want to look back in five years and have made a meaningful dent on the advice gap," she said. "If I can sit here and say the advice gap used to be 92%, it's now 80%, how wonderful would that be? "The last ten years, we've been looking at it going in the other direction." Handcock acknowledged that improving the advice gap will mean ...