Around 39 million adults in the UK fall into the advice gap. We believe our industry has a responsibility to change that.
In our latest research, we dig into why so many customers are missing out on the benefits of professional support when it comes to looking after their money.
We also put forward a number of steps we can take in order to help more people enjoy better financial outcomes.
"The advice gap is undoubtedly one of the biggest issues we face as a nation when it comes to people getting their finances in order. This has never been more true than over the last year when so many people have faced a multitude of challenges in their lives."
Director of Policy and External Affairs
Through our research, we found six barriers that stop customers accessing professional financial support. If you've helped a client overcome a barrier to advice, share your story and we’ll donate £50 to Turn2us – a charity which offers practical guidance and support to people who are struggling financially.* We may get in touch with you afterwards to help bring your story to life.
*Royal London will donate £50 to Turn2us for each adviser story submitted between 27 April and 31 May 2021, up to a maximum of £5,000. You’ll find details of our final donation at adviser.royallondon.com/shareyourstory from 1 June 2021.
Turn2us is the operating name of Elizabeth Finn Care, a registered charity (207812/SC040987) and a company limited by guarantee (515297) registered in England and Wales.
See how ongoing financial advice has helped to change the game for someone.