Every working adult in the UK would be offered a voucher for a financial health check session with a professional financial adviser, under a proposal developed by the Personal Finance Society.
The Society has today written to the relevant Ministers including the Economic Secretary to the Treasury and the Secretary of State for Work & Pensions, calling for the Government to work with the Society to take the initiative forward. A financial health check session could be offered to consumers at a time in their working lives when they are best placed to develop a long-term course of action for achieving their financial and life goals. Participating advisers could deduct a proportion of the cost of each session from their next FCA levy, based on a rate per redeemed voucher submit...
To continue reading this article...
Join COVER for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, key trend analysis and industry insights.
- Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
- Receive breaking news stories straight to your inbox in the daily newsletter.
- Members only access to monthly programme 'The COVER Review'
- Be the first to hear about our CPD accredited events and awards programmes.
