A new way of limiting future mis-selling liabilities may have been uncovered, thanks to launch of the UK's first FSA-approved online financial adviser.
Called Adviser300, the online advice service developed by Group 300 uses recognised financial planning techniques to offer a series of "faceless" questions to consumers, however, developments are also underway to create a video streaming service on which the client can see the adviser they deal with. Not only does the platform move advice development towards the full online access and web streaming IFAs dream of – based on comments presented at the Sofa conference in November 2001 – but each stage has been developed with the full support of FSA officials, says ceo Chris Batten, as the pl...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes