From the Editor: Who will advise on the right advice?

He unveiled the Government’s new Moneymadeclear scheme which will provide members of the public with access to free face-to-face ‘independent’ financial advice. According to the FSA, “fully trained” individuals will be on hand to offer basic financial “guidance” for telephone and in-person customers, which will be available from next month. There will also be a comprehensive website. Many advisers have welcomed the scheme as they believe it will help people who may not have taken any financial guidance at all in the past. However, they identify a gap which the scheme will not plug, ca...