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Can artificial intelligence solve the DB transfer problem?

Pension transfers are a minefield for advisers but the makers of a new tool believe their algorithms can provide the answer The recent launch of Wealth Wizards’ artificial intelligence capability, Turo, illustrates the possibilities technology can bring to advice. Turo enables robo-advice to be delivered in line with an advice firm’s way of doing things. […]

Pension scammers continue to target over-50s with free advice offer

One in seven non-retired people aged over 50 were targeted by scammers in the past three months, according to Retirement Advantage. Retirement Advantage commissioned Censuswide to conduct 1,003 online interviews from 6 to 9 March with non-retired people aged 50 or over who have defined contribution or individual pensions. The survey found 14 per cent […]

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FCA: Customers do not listen to drawdown information

Customers are going into non-advised drawdown regardless of the options communicated to them, according to the findings of a review by the FCA published today. The regulator assessed a sample of non-advised drawdown sales by firms covering approximately 74 per cent of the market by sales volume for the period from April 2015 to April […]

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