Addressing the advice gap: Three key insights for advisers to consider

'Starting to see green shoots of possible solutions to the advice gaps'

clock • 5 min read

Latest research underlines what we know to be true: that there is an unmistakeable financial advice gap in the UK. However, three new insights suggest how it can be addressed, writes Derek Smith

The advice gap is really a story of two gaps. There is the gap you've read about before, between those individuals who have access to regulated financial advice and those who do not. Then there is the gap you've likely heard less about: in the perception of advice between those who have paid for it and those who have not. Latest research from The Lang Cat suggests that almost nine out of ten of those who have paid for financial advice in the last two years found it both helpful and of good value. However, for those who have not taken advice, the perception is very different. The Ad...

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