Warnings Of Significant Harm To Consumers
A Freedom of Information (FOI) requested by Buck, has discovered that almost 2,000 pension advisers have given “potentially unsuitable advice on pensions transfers necessitating further enquiry”. The information follows reports last week that found financial advisers were ‘causing significant harm to consumers’ financial well-being’. Of the number of IFAs who advised clients on defined benefit […]
Protecting Vulnerable People In The Digital Age
With the UK being on the cusp of a social care crisis, drastic measures were needed to avoid the much-needed system reaching catastrophic levels of service to those vulnerable people in society who need it most. Subsequently, a House of Lords select committee has urged the Government to immediately increase spending on social care by […]
Millennials Choose Robots Over In-person Financial Advice
The younger generation are deemed to prefer ‘robo-advice’ rather than in-person when seeking financial planning and investment guidance, according to research conducted by a Southern law firm. Research reveals that young affluent millennials are far more comfortable to receive advice and information from robo-advisers than financial advisers. Law firm, Michelmores, surveyed the millennials who had […]