Citizens Advice: view must establish full extent of advice gaps

Published on

As HM Treasury and the Financial Conduct Authority invites input into the Financial Advice Market Review, Citizens Advice says it is important to establish the ‘full extent’ of advice gaps.

Later this week Citizens Advice will publish a new report on the size and shape of different advice gaps identified through its research.

“Getting the right money advice, support or guidance can be the key to a secure financial future,” said Gillian Guy, chief executive of Citizens Advice.

“To be a success the Financial Advice Markets Review must understand the full extent of the problems around the advice gaps.

“The price and availability of products and services is important, but the review must also address gaps in people’s knowledge and understanding of what help they can get with planning their finances, and how to access it. The government, IFAs, financial institutions, consumer bodies and charities should take this opportunity to work together to meet needs of consumers who want who want help to make the right decisions for their future.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Atom bank breaks Near Prime record

Atom bank has reported another record-breaking month for Near Prime activity. Over the course of...

Berkeley Alexander appoints new BDM

General insurance provider Berkeley Alexander has announced the appointment of Grant Robinson as a...

Newcastle for Intermediaries adds three-year fix range to mortgage offering

Newcastle for Intermediaries has introduced a new range of three-year fixed rate products. It said...

Mortgage product availability surpasses 25,000 for the first time

The number of mortgage products available in the UK has reached an all-time high,...

Other news

Atom bank breaks Near Prime record

Atom bank has reported another record-breaking month for Near Prime activity. Over the course of...

Why it matters that bridging hit more than £10bn last year

We see many numbers bandied around in the financial industry, which can sometimes have...

Berkeley Alexander appoints new BDM

General insurance provider Berkeley Alexander has announced the appointment of Grant Robinson as a...