The Financial Conduct Authority (FCA) and Treasury are looking at income and wealth thresholds to see where they should focus their advice gap review.
Their spotlight has fallen on those with existing savings but not significant wealth, who are less well served by advisers than wealthier consumers who can afford and are more likely to take advice for...
Nine in 10 do not have income protection
Set to become part of Single Financial Guidance Body
Also plan to scrap NI on contributions
Eight-week high against US dollar