Adviser AI usage more than doubles in last year

The consultancy's latest State of the Advice Nation (SOTAN) report showed a rise in surveyed advisers AI use, with those using the technology rising from 29% in last year's report to 60% this year. The Lang Cat found that AI use is particularly ubiquitous among larger firms with more than £1bn in assets under management, where usage shoots up to 88%. Advice professionals ranked AI as among the most important areas of change in the industry with 81% saying that the technology was more important to their businesses in 2025. The SOTAN report also investigated where barriers for entry ...