generic advice

The government should provide modest subsidies for generic advice about personal accounts, says Aegon.

Generic financial advice should to be delivered to consumers free or at "an affordable price" to help consumer understand their financial positions but voluntary standards will need to be put in place, suggests an FSA-commissioned body of consumer and...

Generic financial advice can help those consumers who find financial services bewildering and need assistance in identifying their financial needs and making better decisions, suggests an FSA working group.

An education programme targeted at seven different sectors of society are being created under the FSA-led Financial Capability Forum to improve consumer knowledge about their money and finances.