Paraplanners demand technology upgrades and 'better integration'

Majority believe the technology they use could be upgraded

Sahar Nazir
clock • 2 min read

Paraplanners are calling for improved technology and enhanced connectivity, according to the latest data from the Scottish Widows Paraplanner Survey.

The majority (64%) of paraplanners have said the technology they currently use could be upgraded and this was particularly the case among larger firms. This is according to an annual survey of 422 paraplanners from across the UK in June. When asked how their technology could be improved, paraplanners called for "better integration". The study suggested that improving technology could alleviate heavy workloads, which 59% of paraplanners said is the key barrier to them adding more value. However, one area where paraplanners may be getting short-changed is technology decision-making. ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Technology

What to expect from AI in financial advice in 2025

What to expect from AI in financial advice in 2025

AI has already taken root in many of our daily lives

Nick Eatock
clock 16 January 2025 • 4 min read
Majority of IFAs have no plans to use AI in their practices

Majority of IFAs have no plans to use AI in their practices

Advisers divided on the pros and cons of AI

Isabel Baxter
clock 14 January 2025 • 2 min read
Keeping pace with technology: What next for robo-advice?

Keeping pace with technology: What next for robo-advice?

'Robo-advice as a term probably won't survive'

Dilan Oylum
clock 07 January 2025 • 4 min read