How to close the financial advice gap

Since the Retail Distribution Review (RDR) was implemented in 2012 many people are now not able to receive the type of advice they need and want, which is commonly referred to as the advice gap. The FCA is currently undertaking a post implementation review of the Retail Distribution Review (RDR) and Financial Advice Market Review (FARMR), and we expect to see its findings in 2020.

 

How to close the financial advice gap

In this short video our policy lead, Pete Glancy, provides his view on how to close the financial advice gap, through Guidance+, Advice- or a simpler product and tax landscape.