The Personal Finance Society is to step up its campaign for a second Financial Advice Market Review this year to tackle a potential worsening of the ‘advice gap.’

The FCA has launched a review of the advice market, revealing a number concerns as one of the reasons for the action.

Fast-growing Octopus has revealed it is developing a new wealth management business as it looks to bring financial advice to more people.

Plans for a “single clear definition of financial advice” were outlined in the Budget and the Financial Advice Market Review and it’s clear that steps will now be taken to achieve this aim, potentially a pivotal moment for the financial advice sector.