The ‘advice gap' post-Retail Distribution Review (RDR) is a major cause of concern and must be monitored closely by regulators, the Association of British Insurers (ABI) will say later today.
The trade body warned while its members were braced for the huge changes to financial services the existing consumer advice gap was in danger of increasing after 1 January. Speaking at the ABI RDR conference later today, Maggie Craig will say: "The changes to financial advice are a major step in the right direction to give people more clarity and transparency around where their money is going and increase confidence that they are getting good advice from professional advisers. "Financial advice plays a crucial role in helping people make good financial decisions, so we remain concerne...
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