Chief executive of the Institute of Financial Planning (IFP) Steve Gazzard has hit out at the advice sector, saying it "hasn't worked", and that financial planning is much more important than advice.
Speaking at the IFP annual conference, Gazzard (pictured) told delegates he thinks the problem of those not getting money advice who could benefit from it is a "financial planning gap" - rather than what is usually termed the advice gap. "Financial planning is far more important than advice," he said. "I don't think advice has worked." The IFP, which has around 2,000 individual members, has long sought to distinguish its membership from that of more mainstream rivals such as the much larger Personal Finance Society. Around half of IFP members are more qualified than the industry mi...
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