The regulator is set to expand its Advice Unit - a support group that helps those looking to develop low-cost automated advice models - to help firms that want to provide financial guidance rather than advice.
It will also expand its Advice Unit to take in firms within the mortgage, general insurance and debt sectors. Launched last summer, the unit took on and helped nine firms develop their robo proposition and, in September, the Financial Conduct Authority (FCA) said eight large-scale robo-advisers were on the way. True Potential was the first to reveal it was one of the original nine firms to be involved in the regulator's support group. The move comes as the FCA's technological flagship scheme 'Project Innovate' enters its next phase. The watchdog said the project's next step would also...
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