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.

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