Consumers and Financial Advice Market in UK - April 2014: Industry Analysis Report

The advice gap presents an opportunity for the financial advice industry. Firms that are able to innovate and offer low cost solutions will prosper in future, while those who do not address this part of the market will forfeit share to online competitors.

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  • Note on definitions
  • Note on consumer research
  • Abbreviations

Issues and Insights

  • Online tools can make financial advice affordable for younger consumers
  • The facts
  • The implications
  • Flexibility is the key to attracting wealthier consumers
  • The facts
  • The implications
  • Banks and building societies still have the perfect platform for offering mass-market advice
  • The facts
  • The implications
  • Advice through money advice or employers can give consumers greater confidence
  • The facts
  • The implications

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