Is 2020 the year to forget? Asks Tim Sargisson. Or, rather, does such a short statement fail to recognise how ‘The Great Reset’, as some are calling the pandemic, will continue to benefit the financial advice community long after this is over? He believes there are three points worth highlighting...
Greater awareness Firstly, the public are more aware of the need for proper financial planning. Ignition House, commissioned by the FCA, has just published their evaluation of RDR and the FAMR. The consumer research undertaken as part of their review highlighted how most people are comfortable making simpler financial decisions, such as buying car insurance or taking out a cash ISA, themselves without support. But for decisions they see as more complex, such as those relating to pensions or investing, most would value some support to help them make the right decisions. Consumers ar...
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