More advisers are looking at ways of offering ‘simplified' advice processes online. Naomi Osinnowo assesses whether they are they making headway…
Though it has been more than six months since the Financial Services Authority (FSA) published its final guidance on operating ‘simplified’ advice solutions, few working prototypes are in operation. But might this be about to change? It has not been lost on advisers preparing for the implementation of the Retail Distribution Review (RDR) that technology may offer an opportunity to maintain profits which are otherwise expected to be hit by the RDR’s requirements. Remote advice “It is a growing trend for firms to use technology to keep costs down but retain a process which is similar ...
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