Karen Barrett, chief executive of unbiased.co.uk comments on the Financial Advice Market Review

03 Aug 2015

‘We absolutely welcome the review into financial advice – there is no question that more can be done to help people understand the benefits of proper, regulated financial advice. 

‘Professional advice offers a personalised plan, it is regulated, and delivers the best outcome for the consumer.  Overcoming the barriers that stop people seeking advice is crucial and this review is a step in the right direction. People with moderate savings and requirements can benefit from advice too and it is important to remember that protection policies or mortgages for instance are areas where advice also plays a key part. Advice really isn’t ‘just’ for high net worth individuals! Over a third of advisers on unbiased.co.uk say they advise on pension pots of less than £25,000, so we already know that there are plenty of advisers in the market place advising consumers with advice needs at all levels.

‘Educating consumers about the value of seeking advice is at the heart of what we do.  We demonstrate how the cost of advice can be far outweighed by the confidence and security it gives you in your financial future. Our Value of Advice research has recently revealed that taking financial advice on your retirement savings can add on average an extra £48,279 to your retirement pot.

unbiased.co.uk helps over one million visitors a year to connect with a professional adviser of their choice, and it is the UK's largest adviser search, with over 24,000 whole of market and independent advisers. We make it easy for consumers to take the first step towards advice by providing information, insight and tools to help them make the right choice for their own needs.


For more information contact:

Anna Schirmer/ Sarah Tye/ Calum MacDougall, Lansons: 020 7294 3682

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About unbiased.co.uk – the advice supermarket

Helping over one million visitors a year, unbiased.co.uk is the UK's No 1 adviser search, connecting consumers with the biggest and most versatile search for regulated and independent advisers. We match consumers and businesses to over 24,000 IFAs, financial advisers, mortgage brokers, solicitors and accountants. We make it easy to find the right advice by providing information, insights and tools to facilitate consumer choice.

Unbiased Ltd promotes the benefits of financial and legal advice to consumers and businesses and would like to thank the following companies for their support: Alliance Trust, Aviva, AXA Wealth, Canada Life Ltd, Legal & General, Lockton, MetLife, Opinium Research, Prudential, Royal London, Santander Asset Management and Standard Life Assurance.

Unbiased Ltd - Registered Office: 12-14 Berry St, London, EC1V 0AU.  Registered in England: No. 06775878

Category: News Tagged: Independent Financial Advice, Industry news

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