Why the future of financial planning won't be decided by firms adopting AI—but by citizens doing the same. Every week there seems to be another discussion about artificial intelligence in financial services. Should advisers build their own AI? Should firms rely on specialist providers? Will AI replace paraplanners? Are the productivity gains worth the investment? … Continue reading Opinion: The AI Debate Is Missing the Most Important Participant
Tag: business
17 Million Pension Policies. £500 Billion Invested. The FCA Says Many Could Be Poor Value.
The Financial Conduct Authority has issued a clear warning to pension providers. Millions of people holding older unit-linked pension and savings policies may not be receiving fair value. The scale is remarkable. Around 17 million policies. Around £500 billion invested. Many of these products are no longer sold. They sit quietly in the background, often … Continue reading 17 Million Pension Policies. £500 Billion Invested. The FCA Says Many Could Be Poor Value.
If Even the FCA Says Investment Documents Are Too Hard to Understand… Perhaps It’s Time to Level the Playing Field
The Financial Conduct Authority has reached a striking conclusion. After reviewing 172 investment disclosure documents, it found that almost all were written at a level too difficult for the average consumer to understand. Only 6% were considered to be written in plain English, and every single document reviewed fell below the level expected for someone … Continue reading If Even the FCA Says Investment Documents Are Too Hard to Understand… Perhaps It’s Time to Level the Playing Field
Proportional Planning™: Support when it adds value. Agency remains yours.
The right support at the right time. For decades, we have framed financial planning as a choice between two extremes. Do it yourself. Or hand responsibility to an adviser. Neither reflects how most people actually make decisions. Most of us are capable of managing much of our own lives. We seek help when life becomes … Continue reading Proportional Planning™: Support when it adds value. Agency remains yours.
Financial Regulation Should Create Trust. So Why Do So Many Victims Never Find Justice?
As Parliament debates reforms to the Financial Services and Markets Act (FSMA), much of the discussion has focused on economic growth, regulatory efficiency and reducing unnecessary burdens on business. Those are legitimate objectives. But there is another question that deserves equal attention. When financial regulation fails an individual, how does that individual obtain justice? For … Continue reading Financial Regulation Should Create Trust. So Why Do So Many Victims Never Find Justice?
AI Is Reshaping Financial Planning. But Is It Reshaping the Whole Picture?
AI and the Two-Sided Transition of Financial Planning The Financial Planning Standards Board (FPSB) has released an important new Practice Guidance Note on the use of artificial intelligence in financial planning. It is a timely and well-considered document that addresses one of the profession's most significant emerging challenges. Its central message is clear. Artificial intelligence … Continue reading AI Is Reshaping Financial Planning. But Is It Reshaping the Whole Picture?
When Clients Have AI Too
The profession is asking how advisers should use AI. But the more urgent question may be what advisers should do when clients have AI too. For the past two years, almost every conversation about artificial intelligence in financial planning has centred on the adviser. How can firms become more efficient? How can advisers automate administrative … Continue reading When Clients Have AI Too
Why the Future of Financial Planning Needs More Women (and Fewer Sales Targets)
There has never been a more interesting time for women to enter financial planning. But perhaps there has also never been a more important time to ask a different question. Not simply: "Which firm should I join?" But: "What kind of profession do I want to help build?" Recently, St. James's Place published an article … Continue reading Why the Future of Financial Planning Needs More Women (and Fewer Sales Targets)
What Is Your Financial Planning Business Really Optimising For?
The QBL Financial Planning Firm™ I actually think QBL Financial Planning Firm™ has the potential to become a recognised AoLP framework. It provides a memorable organisational counterpart to Total Wealth Planning. A Total Wealth Planner helps clients optimise across multiple forms of capital; a QBL Financial Planning Firm consciously organises its own business around the … Continue reading What Is Your Financial Planning Business Really Optimising For?
Andy Burnham will give mayors and councils responsibility for helping a “lost generation”
How to get nearly one million young people into work. Burnham to give mayors powers to help ‘lost generation’ of Neets. The regional devolution plan will shift Whitehall budgets to local authorities as unemployment among young people hits record high across the country. The story is about a significant proposed shift in how the UK … Continue reading Andy Burnham will give mayors and councils responsibility for helping a “lost generation”
Academy of Life Planning 