Robo-advice providers should be able to solve the challenge of mass-market appeal, says Tim Sargisson, but at present the sector is still too much of a solution looking for a problem
Advisers and the profession at large have warned that the lack of visible progress on the Financial Advice Market Review (FAMR) is fast turning into indifference towards what is supposed to be a leading project to transform the provision of advice. For my part, however, I am surprised that anyone expected any visibility, or a rolling programme of updates setting out progress, because - let's face it - this is not how it works. When challenged earlier this month, the Financial Conduct Authority (FCA) declined to provide a progress update, which elegantly illustrates my point. The FCA's...
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