In your previous issue (19 December), columnist Ian McKenna asked: “Do we want to become a world leader in digital advice as we are in so many areas of e-commerce?” The answer to this is no.
To give at-retirement advice, a comprehensive fact-find is required detailing health, income, assets, liabilities and existing financial plans. If you transmit this information online to some e-adviser, you may as well post it on your front gate.
Online data is not, never has been and never will be, secure.
The days of e-commerce are numbered. Very soon the banks will throw in the towel and transfer liability for online transactions to their account holders.
That will be the end of e-commerce. And platforms. And wraps.
This is imminent.
Park House Financial Services