Ruth Handcock: A multi-solution approach to close the advice gap

All options on the table

clock • 4 min read

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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Closing the advice gap: The case for attitudinal targeted support

Closing the advice gap: The case for attitudinal targeted support

TISA’s Sophie Legrand-Green on a ‘significant’ way to influence consumer behaviour

Sophie Legrand-Green
clock 14 May 2026 • 4 min read
Women in Financial Advice Awards 2026: All the nominations!

Women in Financial Advice Awards 2026: All the nominations!

More than 1,150 women from 450 firms were nominated for WIFA 2026

Professional Adviser
clock 14 May 2026 • 29 min read
UK IFA deal numbers hit 'new peak' in 2025

UK IFA deal numbers hit 'new peak' in 2025

Deals rose from 50 to 133 between 2020 and 2025

Sophia Panayi
clock 12 May 2026 • 4 min read