Back to basics: Advice market review must go to heart of financial planning

With the government's advice market review under way, considering the long-term nature of effective financial planning should be high on the industry's agenda right now. At the initiative's launch, the Economic Secretary to the Treasury emphasised that the financial sector needs to support "working people at every stage of their lives". This is a view that I share - consumers shouldn't be saving without a long-term plan in place showing what it is they want to achieve over a given period of time. So how do we make long-term financial planning work in practice? Arranging an inves...