Plugging the “financial advice gap”: bringing good advice to the mass market

Nick Hurman FCII, MBA, Chartered Insurer, provides a timely examination of options around making good advice accessible to the mass market in the post-RDR investment market.

A long-standing review led by the FSA of how investment advice is given to consumers in the UK is reaching its conclusion with a number of major reforms around adviser professionalism, how their services are labelled and how advisers are remunerated coming into force at the end of this year. There has been much debate over whether these reforms would restrict access to all but the wealthiest consumers, and the very people who will most need assistance with how to best save will only be able to afford non-advised solutions. In this article, Nick Hurman returns to the Thinkpiece series with a timely examination of options around making good advice accessible to the mass market.

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