Adrian Boulding: The digital pensions future started last month

‘Automatic for the people’

clock • 7 min read

'Open banking' could mark the start of a new era of digital financial transparency that will impact every corner of personal finances from retirement savings to life assurance and beyond, predicts Adrian Boulding

On 13 January 2018, ‘open banking' went live in the UK, underpinned and indeed required by the EU's second Payment Services Directive - or ‘PSD2'. So what, I hear you ask, is open banking and what should it mean to consumers and financial advisers? Open banking is a framework of standards and protocols that has been thrashed out by the Open Data Institute on behalf of HM Treasury to enable specified data to be sent between banks and FCA-regulated third parties - and all authorised by customers themselves. Paul Lindsell: Could 'open banking' data spark financial services innovation? ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Retirement

The conversation that has to change with the 100-year life

The conversation that has to change with the 100-year life

'Advisers need to continue to challenge the cliff-edge narrative directly with clients'

Graeme Bowden
clock 24 September 2026 • 4 min read
Client confidence boost from advice review in retirement fades after six months

Client confidence boost from advice review in retirement fades after six months

Widespread uncertainty about how much can be sustainably spent in retirement

Laura Miller
clock 16 September 2026 • 3 min read
Defensive income before retirement: A four layered framework

Defensive income before retirement: A four layered framework

Entering decumulation can be an unsettling time for clients

Joe Simpson
clock 10 August 2026 • 4 min read