Robo-advice News Wrap: Standard Life helps the FCA

By David Tuckwell on Wednesday 5 July 2017

Savings and Investment

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Edinburgh-based investment company Standard Life has turned its national robo-advice arm over to the Financial Conduct Authority, to help shape new regulations. The FCA is in the process of reviewing its regulations to accommodate robo-advice. As part of the review, the FCA is bringing in robo-advisors to a special ‘unit’, to get better feedback.

How can traditional advisers adapt in the age of robo-advice? One answer might be to hyper-specialise. By finding a niche, robo-advice, which is by nature generalist, won’t be able to compete.

Environmentally conscious investing has come to robo-advice, with the Australian start-up Goodments. Backed by a belief that corporations are borderless and more powerful that governments, the company is out to use finance to better the environment.

This article first appeared on www.roboadvicenews.com

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