Standard Life's advice arm 1825 has joined the Financial Conduct Authority's (FCA) regulatory sandbox to develop an at-retirement automated advice proposition.
The FCA said 1825 intends to generate automated advice that "considers how to meet the needs and aspirations of consumers using their available liquid and illiquid assets". A spokesperson for 1825 said: "We're really pleased to continue to be part of this productive exchange with the FCA on this important and developing area. "This is a natural progression from our involvement with the Advice Unit, looking at how technology can be used alongside existing models to help people have the support they need in planning their life savings." Standard Life's automated advice efforts will b...
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