Automated advice models, known as robo-advice, can be seen as an innovative and lower cost way of delivering financial advice to consumers, offering a potential way to extend access to advice to those falling within the so-called “advice gap”. However, regulators are also exploring some of the key risks arising from robo-advice and the industry should therefore expect to hear more from regulators, in the form of rules or guidance, in the future.

We have recently published an article on robo-advice which first appeared in the May 2016 issue of PLC magazine.

View Robo-advice: back to the future, May 2016