FMA weighs up fast-tracking personalised robo-advice

Wed, 21 Jun 2017

By Paul McBeth June 21 (BusinessDesk) - The Financial Markets Authority is considering using its powers to fast-track automated personalised financial advice ahead of the expected 2019 schedule in the latest overhaul of legislation governing the sector. The market watchdog is seeking feedback on proposals to exempt personalised robo-advice, which has been adopted internationally as cheap financial advice using digital channels and relying on software algorithms rather than intensive research. The technology was blocked by legislation int...

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