Robo-advice News Wrap: FCA chief confirms retirement

By David Tuckwell on Monday 19 June 2017

Savings and Investment

A roundup of daily robo-advice news

Robo-advice news from around the world, summarised daily.

FCA chairman John Griffith-Jones has confirmed he will retire at the end of next year, ending his five-year term.

Mr Griffith-Jones has argued that the line between guidance and advice has become “greyer” because of the rise of robo-advice, but taken a light touch approach to regulation.

Read more at Money Marketing.

Top dog at Aussie investment manager Challenger has invested heavily in robo-advisory to tap into the post-retiree marker.

Paul Rogan believes that the lower prices that robo-advice offers together with the growing market in retirees make for a growth market.

Read more at the Financial Review.

Sign up for our newsletters

Your daily 7am download of all things alternative finance and fintech.

Fintech and alternative finance headlines with an exclusive Editor's Note each week. Delivered Monday at midday.

AltFi's new weekly US newsletter breaking down the ins and outs of America's burgeoning fintech sector. Delivered Monday 9am EST/ 6am PST.