Andrew Storey: AI alone is not a panacea for financial planning

'The industry, however, needs to move beyond the idea that AI is a silver bullet'

clock • 5 min read

Andrew Storey warns that in the race to adopt AI, there’s a growing risk - assuming the technology alone can deliver better financial outcomes

Artificial intelligence has rapidly moved from industry curiosity to strategic priority in financial services. From predictive modelling to personalised recommendations, its potential is undeniable. But in the race to adopt AI, there's a growing risk: assuming the technology alone can deliver better financial outcomes. It can't. AI is powerful, but it alone is not a panacea for financial planning. To create truly accurate,  and bespoke financial plans, it must be combined with two other critical components: human intelligence and robust cashflow calculations. The real opportunity lies...

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

What the Cyber Security and Resilience Bill means in practice

What the Cyber Security and Resilience Bill means in practice

Managing cyber compliance in financial services

Mike Perez
clock 07 August 2026 • 4 min read
Ahmed Bawa: AI must support, not replace, advisers

Ahmed Bawa: AI must support, not replace, advisers

'Just because AI can - in theory - perform a particular role, we need to ask whether it's a good idea'

Ahmed Bawa
clock 05 August 2026 • 4 min read
Mills' AI market power warning – is this the Uberisation of advice?

Mills' AI market power warning – is this the Uberisation of advice?

'The Mills Review stated the threat and now is the time to respond'

Joseph Twigg
clock 05 August 2026 • 4 min read