Alastair Rush, who used his love of social media to create an automated advice service for those priced out of the sector, picks five areas he thinks the government should address as part of its review into the financial advice market...
On robo-advice The issue of robo-advice should have been addressed three or four years ago. Now, the regulator has to react and give the impression it's trying to set the pace. It isn't, the genie is well and truly out of the bottle. HNW-only I agree completely that we have to reverse the move towards advice which prefers to focus on high net worth clients; to a great extent, that isn't the fault of advisers. Training, educating and maintaining those qualifications and paying for the multitude of regulatory hoops that we have to jump through, costs time and money. ...
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