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Terry Johnson has spent 17 months in the hospital following a complicated surgery. He became desperate for visitors, so his mom shared her son's story on Facebook. An outflowing of support came.
The financial services sector has been urged to ramp up financial education to the public to win back the trust of consumers. This comes on the back of latest consumer report by financial services consultancy firm Lang Cat that highlighted lack of trust as the biggest issue for the advice sector.
People's lack of trust in advisers is the main reason more do not reach out for financial advice, according to The Lang Cat.
Advisers are struggling to recruit more talent in the industry due to a lack of education of the profession.