UK-based Just Group has said that it will help close the financial advice gap for people in “middle Britain with more modest pension savings”.
According to the firm’s end of year results published on 12 March, Just Group will provide clients with access to advice “without paying the costs associated with a traditional financial adviser”.
“We have developed, and plan to launch in 2020, a pioneering and exciting fully-advised online financial planning service targeted at people close to or in retirement with modest pension saving”, the firm said.
It will also unveil a “solution to deliver guaranteed income to retail investors who manage their portfolios on modern investment platforms”.
Just Group’s move comes after several businesses have entered the UK financial advice market.
This includes US passive investing giant Vanguard, which was granted regulatory approval to provide retail advice in Britain by the Financial Conduct Authority.
