Consumers and Financial Advice - UK - May 2015
“The importance of receiving financial advice has never been greater, and it is in the best interests of all parties to fill the advice gap in order to encourage people to become more financially aware and foster a more long-term approach towards savings and investing. This will prove especially challenging considering the economic recovery which the UK is currently experiencing, as credit levels edge upwards and savings ratios remain modest. Advice companies will have to look toward re-assessing their cost models and to innovate online in order to ensure that accessing financial advice is within reach of the average consumer.”
– Sean Song, Financial Services Analyst
This report looks at the following areas:
- Economic and market conditions
- Regulatory changes
- The financial advice market
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