Rob DeDominicis: You don't need to wait until 2030 for AI to pay off

'Firms shouldn't be held back waiting for the industry to agree on where the higher-risk work sits'

clock • 3 min read

Rob DeDominicis analyses the Mills Review and says advice firms do not have to wait until 2030 for AI to pay off...

Artificial intelligence is the biggest change I've seen in more than thirty five years working in financial services technology. It's much bigger than the move to the internet, or the shift to smartphones and apps. The recently published Mills Review sets out how AI could reshape retail financial services by 2030. Done well, it should mean faster processes and better outcomes for providers, advisers and customers alike. I agree with the scale of the change Mills describes, but I'd challenge putting it all on the same timeline. The review talks about AI adoption as one continuous sh...

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

Nick Eatock: Is this the end of the annual review as we know it?

Nick Eatock: Is this the end of the annual review as we know it?

Value comes from continuity of service

Nick Eatock
clock 25 September 2026 • 3 min read
Advice firms slow new tech adoption

Advice firms slow new tech adoption

Deliberate strategic decision

Jenna Brown
clock 24 September 2026 • 2 min read
'Fool's gold' warning as more than half of consumers embrace AI for decision-making

'Fool's gold' warning as more than half of consumers embrace AI for decision-making

AI is increasingly shaping the future of financial services

Laura Miller
clock 17 September 2026 • 2 min read