Female advice seekers less likely to have long-term assets
Supports health insurance and income protection
According to Scottish Widows research
"The average adviser cannot solve the advice gap"
Three proposals set as part of major review
Over one third said regulations are harming their mental health
FCA to explore simplified regimes to close the gap
“We need the help of technology, but technology needs the help of us as well”
Lack of education on financial advisory is main perpetuator for the advice gap