Here's what we learned from day one of the Financial Conduct Authority (FCA)'s exploration event on robo-advice ...
FCA acting chief executive Tracey McDermott, economic secretary Harriett Baldwin and FCA director of strategy and competition Chris Woolard, all said they want the industry to provide more people with access to financial 'help'- whether advice or guidance. To this end, the regulator is planning future policy work around simplified advice to make it easier for firms to develop solutions. Running parallel is the FCA and Treasury's joint review of the financial advice market - Financial Advice Market Review - which launched in August and is looking at simplifying regulation to help innov...
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