Simon Binney: Five predictions for the financial advice sector

Future gazing to 2029

clock • 5 min read

The next 10 years will see firms come and go as they claim their automated offering is best but, predicts Simon Binney, it is those that put ethical, professional and quality advice at their core that will naturally rise to the top

"Out of adversity comes opportunity," Benjamin Franklin once observed. The Retail Distribution Review changed the advice landscape beyond recognition, with many advisers opting to leave the market, but the long-term result has been a rise in innovation and fresh thinking. Agile fintech and technology start-ups have been racing to develop automated advice solutions able to deliver affordable and regulated advice to those previously not served by the traditional market. Over the past decade or so, we have seen the steady growth of automated advice but the big question now is - what will ha...

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 Technology

AI will 'help solve regulatory problems' for advice industry

AI will 'help solve regulatory problems' for advice industry

AI can help the industry explain the value of advice to the FCA

Sahar Nazir
clock 14 May 2024 • 1 min read
'Huge amount' of AI hyperbole among industry

'Huge amount' of AI hyperbole among industry

‘Everyone is talking about AI, but no one really knows everything yet’

Isabel Baxter
clock 09 May 2024 • 1 min read
Pension dashboards demand systems built to scale up rapidly

Pension dashboards demand systems built to scale up rapidly

7.5 million people might log in within the first few days alone

Paul Muir
clock 08 May 2024 • 7 min read