Article2011

Consumer Protection and the Role of Advice in the Market for Retail Financial Services

24 citations0/0 files storedJournal of Institutional and Theoretical Economics JITE

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Financial Literacy, Pension, Retirement Analysis Financial Markets and Investment Strategies FinTech, Crowdfunding, Digital Finance

Abstract

This paper offers a review of key stylized facts of the market for retail financial services. Financial advice plays a key role in this market. The paper then discusses the relevant academic literature and, in particular, recent contributions that deal with the role of advice in this market. Various policy options are discussed as well. (JEL: D1)

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