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...
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till