Nearly three-quarters (72%) of people surveyed say they would not pay for financial advice, according to new research.

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 ABI has given a muted welcome to plans by Pensions Minister Guy Opperman MP, announced at the weekend, to give DC pension scheme members a condensed pension annual statement of no more than two pages.

Wealth managers, professional associations, regulators, investment and protection providers have signed up to the Business in the Community’s Race at Work Charter.