The advice gap has been exacerbated by low interest rates, regulatory chief Andrew Bailey has warned in his City Banquet speech at Mansion House.
The Financial Conduct Authority (FCA) chief executive said interest rates had affected the advice gap because the cost of advice looked "less favourable" when compared to returns in a low-interest rate...
UK economy falters
More launches planned for 2019
£50,000-plus 'earned' from steelworkers
'Not convinced of merits'
Later Life Adviser Conference