Robo advice dos and don’ts

What are the dos and don’ts for your robo advice software? As we have talked before the FCA and FSCP found that most customers do not understand the regulatory distinction between robo guidance and regulated robo advice. Life insurance and pension companies need to communicate clearly what they are offering...

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Robo advice software and the US market

Robo advice software and the US market, what is their view? While in the UK the FCA are responsible for looking at Robo advice and robo advice software, please see the previous FAQ – Robo Advice and Financial Conduct Authority. They are not the only regulatory body that has...

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Robo advice and Financial Conduct Authority

Robo advice and Financial Conduct Authority how do they get along? Well, the Financial Conduct Authority encourages firms to provide automated advice, acknowledging its advantages in the Financial Advice Market Review. The FCA recognises the increasing need for consumers to have access to appropriate, affordable advice and guidance at...

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Robo advice software and life insurance

Robo advice software and life insurance are the perfect match because technology and regulatory changes are causing life insurance companies to reconsider the way they currently do business with consumers and look to include more digital offerings like robo advice software. Current robo advice solutions – which provides investors...

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Three facts on robo advice software

Here are three facts on robo advice software for anyone new to the idea of robo advice. 1. Robo advice software is based on algorithms Robo advice software is built on an automated program, with little to no input from a human financial advisor. Instead, this program is run...

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