According to Scottish Widows research
"The average adviser cannot solve the advice gap"
Three proposals set as part of major review
Over one third said regulations are harming their mental health
FCA to explore simplified regimes to close the gap
“We need the help of technology, but technology needs the help of us as well”
Lack of education on financial advisory is main perpetuator for the advice gap
“We need to overcome these annoying and frankly lazy stereotypes that we have about the next generation of customers”
"The challenge will simply be to keep doing what they are already doing"