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PIMFA calls for ‘fundamental reform’ of advice market

News Team, 02/02/2021

Liz Field

Wealth management lobby group PIMFA is calling for fundamental reform of professional financial and investment advice.

Recent survey findings from Open Money and YouGov show 90 percent of consumers have never taken paid financial advice and 79 percent of those who had not taken advice had no intention of doing so in the future.

There is also a lack of trust in the advice prof...


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