Octopus Money CEO Ruth Handcock warns advice gap to worsen

‘I want to look back in five years and have made a meaningful dent on the advice gap’

Sahar Nazir
clock • 4 min read

The advice gap is likely to worsen before it improves, according to Octopus Money CEO Ruth Handcock who has warned of a pressing need for change.

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 ...

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