IFP CEO: 'I don't think advice has worked'

Laura Miller
clock

Chief executive of the Institute of Financial Planning (IFP) Steve Gazzard has hit out at the advice sector, saying it "hasn't worked", and that financial planning is much more important than advice.

Speaking at the IFP annual conference, Gazzard (pictured) told delegates he thinks the problem of those not getting money advice who could benefit from it is a "financial planning gap" - rather than what is usually termed the advice gap. "Financial planning is far more important than advice," he said. "I don't think advice has worked." The IFP, which has around 2,000 individual members, has long sought to distinguish its membership from that of more mainstream rivals such as the much larger Personal Finance Society. Around half of IFP members are more qualified than the industry mi...

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 Your profession

The Apprentice stars call for more financial advice as online businesses surge

The Apprentice stars call for more financial advice as online businesses surge

‘Crucial that young entrepreneurs receive the right guidance to manage their finances’

Sahar Nazir
clock 03 April 2025 • 2 min read
Trump pushes ahead with global 'reciprocal' tariffs, sending markets into a tailspin

Trump pushes ahead with global 'reciprocal' tariffs, sending markets into a tailspin

20% on EU, 10% on UK

Sorin Dojan
clock 03 April 2025 • 2 min read
Model portfolios continue to dominate UK adviser channel sales in H2 2024

Model portfolios continue to dominate UK adviser channel sales in H2 2024

ISS MI report reveals rising net sales with model portfolios driving growth

Sahar Nazir
clock 03 April 2025 • 3 min read