The Association of British Insurers (ABI) has called for a shift in the regulatory boundary for pension providers in order to “tackle the advice and guidance black holes.”

The financial damage caused by the Coronavirus pandemic is boosting demand for financial advice - with many consumers wanting face to face advice, according to research from adviser network Openwork.

New research has revealed that professional financial advice boosts consumers’ emotional wellbeing – especially in times of crisis - and ongoing relationships with advisers provide the most benefit.

The Coronavirus pandemic is encouraging more under-55s to seek financial advice.