Robo-adviceJun 7 2017

Robo-advice pioneer says human advisers soon won't be needed

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Robo-advice pioneer says human advisers soon won't be needed

“I can imagine a computer would be able to say something like ‘this is the lowest-rate equity release scheme ever’. As to the timing of selling your house, that is remarkable. No-one can know that, and there are too many variables.

“Fortunately for humans, financial advice is still a face-to-face business, and advisers are better placed than they were 15 years ago.

"These days the information is online, so yes, you are using computers to help humans advise, but I don’t see them taking over because there are too many variables.”

simon.allin@ft.com

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