Aegon UK Calls on Government to Restore Confidence in Financial Services Industry
Aegon UK CEO, Otto Thoresen called upon the government to make financial advice more available to the public as part of it’s policy response to the current economic crisis.
Speaking at the Labour Party Conference this past week, Thoresen confirmed what we are all thinking: The heightened turmoil in the economy has increased the urgency for financial advice. People are feeling confused and are looking for information. Confidence in the UK financial industry is faltering.
He urged that financial guidance and assistance be accessible to all walks of life, not just those that are in debt, weathly or extremely poor. All UK citizens need support living in today’s turbulent economy.
Although the government won’t be providing advice on specific products or services, for example what is the best credit card to use or the best mortgage deal, it will be providing guidance on overall budgeting, planning and investing.
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