“Married people four times more likely to receive financial advice”

Nov 15, 2023 | Financial Services

Yet another survey confirming the bleeding’ obvious? Why is it that the majority of those seeking financial advice or using an adviser are partnered and/or over 50? Well, they’re more likely to have need of our services and, perhaps, to have finances about which they need advice. As singletons, they may, perhaps have had reason to contact us, but it often takes the prompting of another or a life event to make that happen. And, of course, at 50 we suddenly realise those pensions we may or may not have accumulated are close to paying out, and that those letters from pension companies may as well be written in Mandarin (other difficult languages are available) and so we need a translator of some kind. Doing something sooner rather than later might have been a better idea. But you could say that about a lot of things; and we’re generally easier to see than your average GP…

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“FCA announces plan to reduce regulatory burden on financial services firms”

“FCA announces plan to reduce regulatory burden on financial services firms”

Our regulator’s latest initiative is to reduce the amount of regulation. It’s become apparent that their previous big initiative, ‘consumer duty’, has made many look at the work they do and clients they look after, and decide that to do the job properly they have to look after less and perhaps charge more for complying with all the detailed compliance the rules require.