The current advice gap has been called “not an adviser problem” and instead is a result of “poor regulation”, a Professional Adviser survey has revealed.
In our latest PA Asks results, we asked if greater industry collaboration help to narrow the advice gap. Out of our 34 respondents, 27% said yes, 32% said no, and 41% were undecided. For those who said that greater industry collaboration would not help narrow the advice gap, one respondent cited cost and accessibility as the biggest barriers, and "of course the regulator itself". Sharing a similar view, another added: "Well maybe - this is a regulatory/government/industry problem - not an adviser problem." "Government and regulation have mainly created the ‘advice gap' so it sh...
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