Simon Binney: Why machine learning is healthy for your clients and PI

The beauty of AI

clock • 5 min read

At a time when risk is becoming the dominating concern, writes Simon Binney, artificial intelligence and machine learning are capable of providing the DB advice arena with a much-needed lifeline

Pension freedom brings both the good and the bad. As the demand for advice increases, for example, so grows the risk advice firms have to shoulder when it comes to advising on potential defined benefit (DB) transfers. Based on well-known stories, we already know this is a complex area where the financial consequences of poor advice can be massive. We also know nervous insurers are circling the advice sector in a bid to evaluate these uncharted waters. The danger is that firms are tempted to throw the baby out with the bathwater. The focus should always be on what is best for the clien...

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