Paraplanners lean into AI to boost client outcomes

Scottish Widows research finds paraplanners increasingly utilising AI

Jenna Brown
clock • 2 min read

Paraplanners view artificial intelligence (AI) as a tool to help transform the service they offer customers by lightening their workload, Scottish Widows research has found.

The survey of 200 paraplanners revealed that 64% believe AI tools will be useful in their role – this was up from 42% a year ago. The provider also highlighted that this increased to 84% in the under-30s age bracket, "indicating greater positivity around AI in the upcoming generation of paraplanners". It said the survey results dispelled the myth that paraplanners feared AI would replace their jobs. Usage of AI also increased with 13% of paraplanners reporting the use of AI tools in their day-to-day activities, up from 10% last year. Some 57% said they were interested in using AI. ...

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