PIMFA recently published 12 recommendations to fix the advice market. Here, Tim Sargisson assesses the trade body's desires and highlights one fundamental problem with the advice sector, or rather one problematic perception...
Earlier this month PIMFA published its report concerning the future of advice and with it a series of 12 recommendations. PIMFA's vision for a future advice market is one that works well for advisers and consumers alike, that promotes overall financial well-being and a savings and investment culture within the UK. It's ambitious in terms of its scope, nevertheless, contained within its list of suggestions are a number of key issues that are hard to ignore. Included on the wish list are the actions the government needs to take. The need to review the definition of advice and the regul...
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