Generic advice not just needed for pensions

clock

Generic advice is essential if personal accounts are to be successful, says the Resolution Foundation.

Speaking at an event hosted by the Social Market Foundation, Sue Regan, head of the Resolution Foundation, pointed out while ‘advice’ is a widely contested term she says research is very clear on what people want. She says: “What people want is clear, impartial, personalised advice on issues concerning them, which helps them explore options and how to take action on the next steps, not a two hour fact-find.” Although she was speaking at the launch of the government’s summary of responses to the pensions white paper, Regan points out generic advice should not just be about pensions and w...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Smoothed funds set to be a 'bigger asset class for the advice market'

Smoothed funds set to be a 'bigger asset class for the advice market'

‘An attractive low-risk solution for retirees’

Isabel Baxter
clock 25 November 2024 • 3 min read
Advisers no longer see inflation as a major concern

Advisers no longer see inflation as a major concern

Funds offering a level of inflation protection were the last research, Square Mile finds

Isabel Baxter
clock 22 October 2024 • 4 min read
Advisers turn to smoothed funds to help manage volatility threat

Advisers turn to smoothed funds to help manage volatility threat

Decreasing exposure to equities also a popular strategy

Isabel Baxter
clock 26 March 2024 • 1 min read