When looking at the future of financial advice, it seems the possibilities are endless, writes Tim Sargisson. But does the regulator have the same long-term perspective?
A recent Royal London report - Let's shape the future of advice to unlock a £185bn opportunity - highlights how three-quarters of UK adults fall into the advice gap. Moreover, within this population, 3.7m consumers are open to receiving professional financial advice and have more than £50,000 to invest. This accounts for over £185bn of unadvised investible assets. However, as we know, connecting these individuals with a financial adviser is not such an easy problem to solve. Indeed, some consumers don't know how to find an adviser - while others need more education about the benefits of ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
