Advisers expect regulation to limit time taken on giving advice

Industry expects it will constrain their ability to meet demand

Isabel Baxter
clock • 2 min read

Financial advisers are concerned that the impact of regulation will limit the time they can take to deliver financial advice, BNY Investments and NextWealth have found.

The research - Retirement advice in the UK: time for change? – including 208 financial advisers and 254 advised consumers found that 48% of financial advisers expect the impact of regulation to limit the time they can take to deliver financial advice and constrain their ability to meet demand. It also found that advisers anticipate that assets held by their retirement clients will increase to 61% of their total business in the next three years. Autumn Budget and demand for retirement income advice Ahead of the Autumn Budget, 73% of financial advisers said that changes to tax rates a...

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