FCA launches robo-advice unit for low-cost services

The regulator's 'Advice Unit' will help those looking to develop a service in the investments, pensions and protection spaces navigate the regulatory framework. The unit, which will initially be free of charge for advisers, will provide both individual regulatory feedback on the firms' proposed models and published resources for all firms based on the experience it gains from working with individual advisers. However, it will not offer a safe-haven for advisers in which to try out their services on consumers, as offered by the regulatory sandbox project. The regulator said it will ...