The Financial Conduct Authority (FCA) has said robo-advice presents advisers with 'big opportunities' if implemented correctly, but warned it comes with regulatory risk.
Speaking at the 2017 annual conference on robo-advice and investing, head of strategy and competition Bob Ferguson told the audience robo-advice presented two ‘big opportunities' for advisers. The first, he said, was a boost to competition in the market through disruption and innovation. This could be in the form of new start-ups challenging incumbents or large incumbents working in partnership with innovators to challenge the status quo. He said: "Robo-advice is clearly one route through which disruption and competition can be boosted - delivering economy and efficiency and reaching ...
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