Balls calls for wider access to unregulated advice

Speaking at the financial capability conference, Balls says financial planning too often remains the preserve of the better off and believes there is a growing consensus this gap needs to be filled. He states: "One area I am keen to explore is how we can widen access to unregulated or 'generic' financial advice – also often referred to as 'money advice' – to help people manage and plan their finances." The questions Balls suggests need to be addressed include: How can we increase access to and encourage take-up of generic advice? Who is best placed to deliver it, taking into account...