In his first appearance this year, Professional Adviser's Armchair Critic Brendan Llewellyn reflects on diminishing numbers of advisers and whether automated solutions (and lower level qualified advisers) will enter the industry...
The Treasury - leading the Financial Advice Market Review (FAMR) - is concerned that mid to low-resourced consumers do not have access to advice. Unsaid, but understood, is that low access to advice means people are unlikely to make decent financial provision, either in savings or protection. On top of that the government, having just opened the retirement doors of freedom doesn't want lots of people using their freedom to do the wrong thing. The crux of the matter is that there are not enough advisers to provide a service for anything other than a small affluent minority in the UK. ...
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