Access to advice probe begins with look at robo-advice

The consultations will launch simultaneously on Monday and will form the first step of the wider Financial Advice Market Review (FAMR), which was launched on 3 August and seeks to explore how access to advice can be "radically improved". The advice consultation will focus on the questions: • What kind of financial advice do consumers want? • Are there gaps between the financial advice that consumers want, and the financial advice that they can access and afford? • How can these gaps be closed? • What role could technology, such as "robo-advice", play in improving access to financia...