Robo-advice is a "fantastic event" for the industry as a whole and can prove to be a good opportunity for human financial advisers, believes Embark Group CEO Phil Smith.
If he were running a large-scale advice business, Smith asserts, he would be "embracing robo-advice, an execution-only technology, like it was the best thing that ever happened to me", adding it "amazes"...
The increase in minimum AE contributions has had little impact on opt-out rates - with cessations after April increasing by less than two percentage points, data from The Pensions Regulator (TPR) shows.
Follows string of appointments
Follows acquisition of BlackRock's DC platform
‘In the know’
£116.8m of benefits received by customers