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FCA urges AI providers to help consumers understand limits of AI-generated advice


By Jack Gray

The Financial Conduct Authority (FCA) has called on artificial intelligence (AI) providers to include disclaimers to help consumers understand the limits of financial advice provided by their models


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Big endgame results for small pension schemes

For many CFOs and trustees, small DB schemes feel stable but not yet fully resolved. Without deliberate planning, gradual risks emerge. Moving from stability to a clear endgame requires focus.


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Wealth tax would make the UK the worst OECD country to own property in – CPS

The UK would be the worst country in the OECD to own property in if a wealth tax was introduced, the Centre for Policy Studies (CPS) has warned

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Over a quarter of adults would invest up to £50,000 without professional advice

More than one in four (26 per cent) adults in the UK would feel comfortable with investing up to £50,000 without seeking professional financial advice, research by YouGov for Mattioli Woods has shown

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Quilter partners with ZeroKey to reduce advisers’ administrative burden

Quilter has partnered with ZeroKey, aiming to help financial advisers reduce their administrative burden, improve data accuracy, and spend more time with clients

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UK wealth market forecast to grow by over 10% a year to reach £7.5trn of assets by 2035

The UK wealth market is projected to grow at a rate of more than 10 per cent per annum to reach £7.5trn of assets by 2035, with an associated profit pool of around £10bn, according to Aviva

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IA report outlines how to broaden private markets access for the mass affluent

The Investment Association (IA) has published a report outlining how access to private markets can be widened responsibly at scale, without weakening investor protection in the advised mass-affluent market

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Jarvis Investment Management enters special administration

Wealth management firm Jarvis Investment Management has entered special administration following an order made by the High Court

One in three wealthy investors plan to sell to avoid CGT

Over one in three (35 per cent) wealthy investors have sold investments or will do ahead of the Budget due to worries about increases to capital gains tax (CGT), Wealth Club has revealed

IFAs set to rely on technology to reach ambitious growth targets

Independent financial advisers (IFA) are optimistic about the year ahead and expecting to further utilise technology to hit their ambitious growth targets, according to ValidPath
PIMFA and Eversheds Sutherland launch economic abuse guidance for advisers

The Personal Investment Management & Financial Advice Association (PIMFA) and Eversheds Sutherland have published guidance to help wealth managers and financial advisers protect clients from financial control

AI ‘central’ to increasing wealth managers’ digital asset allocations

The adoption of artificial intelligence (AI) and machine learning tools is central to increasing digital asset allocations among wealth managers and institutional investors, a study from Nickel Asset Management has shown

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