Insurance Post

Making financial advice affordable

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The All-Party Parliamentary Group for Insurance and Financial Services will be looking at the implications of the Financial Market Advice Review at its first meeting of the summer session on 7 June.
 
The session aims to look at access to affordable financial advice, with a particular focus on retirement income. Among the speakers will be LV=, which launched the UK’s first online advice (nicknamed “robo-advice” in some quarters) service for consumers, providing a full advice report for just £199.

As well as hearing from LV’s experience, the session will also look at:

  • the advice gap for those who do not have significant wealth
  • the regulatory or other barriers firms may face in giving advice and how to overcome them
  • how to give firms regulatory clarity and create the right environment for them to innovate and grow
  • opportunities and challenges presented by new and emerging technologies to provide cost effective advice
  • how to encourage a healthy demand for financial advice, including addressing barriers which put consumers off seeking advice.

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Tuesday 7 June, Committee Room 18, House of Commons, 4:30pm – 5:30pm
Confirmed speakers
Phil Brown, Head of Policy at LV=
Joseph Harley, policy adviser for regulation, Association of British Insurers
Others TBC

The meeting is open to the public, subject to space. If you are attending you should allow adequate time to get through the security checks.

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