Britain Shaking Up Financial Advice Sector
World Economy

Britain Shaking Up Financial Advice Sector

Britain will launch a consultation on Monday on how to give people better advice when buying complex products like home loans, pensions and insurance, the government and regulators said, Reuters reported. The Financial Advice Market Review was launched in August to look at how financial advice could work better, especially for less well off consumers. The next stage kicks off on Monday with a public consultation looking at what kind of advice consumers want, how to close any gaps, and what role technology, such as “robo” or automated advice play. The consultation ends on December 22 and a final report with proposals will be published before the government’s budget statement in 2016.

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