Stay updated with breaking news from Cross Liston. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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.
Research commissioned by The Lang Cat has found that the ‘advice gap’ is not just about affordability, but there is a trust factor too
That’s according to consumer research, undertaken online by YouGov* with 2,035 British adults online, weighted and representative of all adults (18+), for the
M&G Wealth has again called for a collective effort from the industry to address the ‘Advice Gap’ on back of the lang cat report released today.
Advisers are struggling to recruit more talent in the industry due to a lack of education of the profession.