The financial services sector needs to work out how to scale advice to avoid doing an "enormous disservice" to the UK consumer market, warns Nick Eatock.
The Intelliflo executive chairman reckons the future is "pretty rosy" for advisers but suggests the best-case scenario for the sector would be to have a world of financial advice that spans many more people...
Reacting to higher US rates
‘Charity lump sum death benefit’
The increase in minimum AE contributions has had little impact on opt-out rates - with cessations after April increasing by less than two percentage points, data from The Pensions Regulator (TPR) shows.
Follows string of appointments
Follows acquisition of BlackRock's DC platform