Andrew Martin: Transforming retirement planning with big data and AI

Predictive and prescriptive

clock • 5 min read

Artificial intelligence systems that follow ‘more right than wrong’ rules can deliver long term benefit to pension savers, writes Andrew Martin

In the dim and distant past, when I was still an IFA, a couple of work colleagues did rather well switching their investment bond funds on a near-daily basis. They had a pretty formulaic way of deciding which fund to be in on what day. I don't remember too much of the detail. If I say the trades were placed using fax machines then you can work out how many decades ago. The process went something like: call your granny, ask her to look at Ceefax on the TV (if you're too young, look it up), get her to read out the overnight movements of some key indices from around the world, make a dec...

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

Technology 'imperative' in the great wealth transfer pivot

Technology 'imperative' in the great wealth transfer pivot

‘It will help advisers become ready’

Isabel Baxter
clock 27 January 2025 • 4 min read
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