gareth evansOn thoresen

The Thoresen Review has been charged by the Government with designing a national approach to the pro...

The Thoresen Review has been charged by the Government with designing a national approach to the provision of generic financial advice. The Government believes there is a gap in the market for financial advice, which, in turn, leads to poor decision-making. Nothing too contentious about that, you may think. The real issue comes when the review attempts a working definition of its central concept. Apparently generic financial advice is personalised but unregulated. Forgive me if I am missing the point but how can financial advice be both generic and personalised to the needs of the indivi...