The low confidence that people have in their ability to manage their finances, and the potential regulatory landscape gives the financial advice industry an opportunity to demonstrate its value, according to Nucleus.
Its 2024 UK Retirement Confidence Index report released today (14 November) found that a fifth of its sample of 4,3018 UK adults 18 plus have not saved anything for retirement. Most of those who have an annual income goal in mind are "grossly" underestimating what they may need, the report stated. The motivation is there but knowledge, planning and financial resources are all lacking, Nucleus pointed out. ‘Advisers need a body who champions them' Technical services director Andrew Tully told PA that the industry needs to put the value of advice into real terms to people. "Make...
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