Ruth Handcock explains why the industry will need to use all available solutions, including new services like financial coaching, to stop the advice gap from becoming a chasm
Few issues are talked about more in the advice industry than the ‘advice gap'. I for one am glad that's the case. We know that a majority of people in the UK regularly worry about money and find it hard to know where to turn to for help. That worry can become stress and start to impact our mental wellbeing, at a time when most people have enough to deal with. In our Bridging the Gap report published last year, we highlighted how more than 60% of financial advisers plan to retire by 2030, and many firms are struggling to attract new talent to replace them. This could lead to an even large...
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