Sarah Bateman: The path to AI hell is paved with good intentions

'If Amazon cannot fix it...'

clock • 5 min read

It is fair to say that we are all aware of the house-buying crisis facing millennials, writes Sarah Bateman, but technology that could help 'generation rent' save for their first homes is struggling to rid itself of a fundamental flaw

House prices in some parts of the country are so high that it is almost impossible to buy a first home. Millennials are not stupid and they understand the need to save, but putting part of their wages away is no longer enough. Indeed, the advice to only invest what you are prepared to lose is tricky when low-risk investments appear to make the dream of owning a home impossible. So, it is imperative for millennials to make their savings work hard, but how can they achieve this? There are alternative finance vehicles that have a maverick appeal but are accompanied by high levels of risk...

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

PFS Conference 2024: AI should augment not replace human element in advice

PFS Conference 2024: AI should augment not replace human element in advice

Firms that adopt technology to save time will improve client experience

Jenna Brown
clock 14 November 2024 • 2 min read
Advisers call for enhanced compliance processes to use AI

Advisers call for enhanced compliance processes to use AI

AI ‘firmly embedded’ into advice journey but ‘more work needs to be done’

Isabel Baxter
clock 12 November 2024 • 2 min read
PFS Conference 2024: 'Augmented advice' will give clients best of both worlds

PFS Conference 2024: 'Augmented advice' will give clients best of both worlds

Advisers can scale-up by embracing technology

Jenna Brown
clock 12 November 2024 • 2 min read