Simon Binney: Time for advisers to think differently about fintech

Disruption can be necessary for survival

clock • 4 min read

New fintech products are enabling advice for the masses, says Simon Binney, as he looks at how technology is driving the sector forward to work alongside rather than against advisers

This is a potentially exciting time for the advice sector. Recent reports from both the Association of Professional Financial Advisers (APFA) and the Financial Conduct Authority (FCA) show the market is bringing in more money and attracting new advisers. The findings buck the preconception of shrinking adviser numbers as the market added around 900 more advisers in 2016 - growing from 23,864 advisers to 24,761. With the UK seeing 500,000 new retirees every year, this can only be good news for the market. Concerns remain, however, over the increasing costs of doing business. Pre-tax pr...

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