Mick McAteer: why the industry needs a mutual advice service

Overall, the RDR reforms will help the investment services market work better for consumers and society. But the reforms alone will not be enough to meet the core advice needs of financially marginalised consumers. It is unfair to expect the for-profit commercial advice sector to meet their needs - this would likely lead to market failure and consumers getting a raw deal. So, we still need to develop alternative models that provide value products and good advice to those households who are not being serviced by the for-profit, commercial advice sector. Straightforward needs At the r...