Majority of advisers see robo-advice as future 'regulatory risk'

In its second annual Adviser Barometer survey, the pension provider found so-called robo-advice is still a contentious subject among advisers. For instance, just over two-fifths (41%) are planning to launch robo solutions for clients, yet almost the same amount (44%) have chosen to steer clear. Some two-thirds (67%) of the 101 surveyed advisers are worried robo-advice could bring regulatory or compliance issues, two-fifths (40%) said robo-advice was a threat to their business, and more than half (54%) saw it as an option suitable only for clients with small funds. However, nearly h...