DAVID CHAPLIN: Robo-advice: the future or forgettable?

Wed, 27 May 2020

Remember the robots? "They’re programmed to help us."But, to date, the small community of New Zealand robo-advisers have been doing the digital equivalent of thumb-twiddling despite the concept achieving semi-legal status in 2018.For reasons that never seemed totally convincing at the time, the regulator rushed in an exemption from the current law late in 2017, allowing robots to deliver ‘personal financial advice’ from the following year.Under the (still) imminent Financial Services Legislation Amendment Act re...

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