What we may see in UK Financial Services in 2016

FCA ImageIt looks very much like the continued rise in robo advice, yet another advice framework and capital adequacy rules may be the regulatory issues to watch out for in the UK in 2016.

With the appointment of a new Chief Executive of the FCA imminent and a shake-up likely, the regulator will also have to wrestle with the findings of the latest advice review which is expected to be published before the March Budget.

Natalie Holt writing in Money Marketing this week predicts that robo-advice and the new FCA Rules are set to take centre stage.

The advice review carried out jointly with the treasury is to examine the advice gap regulatory barriers facing advice firms and the role of technology in “cost effective” advice provision.

Many commentators believe the FCA is pinning its hopes on Robo-advice and technology to plug the advice gap. We shall have to wait and see!

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