Will robo-advice take off in the UK?

Will robo-advice take off in the UK?

Dan Jones assesses whether consumers will ever truly "entrust their life savings to a computer".

Wealth managers who have been keeping a close eye on the simplified advice space ever since Nutmeg launched in 2011/12 have begun taking more concrete steps. Last month, for example, saw Investec Wealth & Investment and Towry become the latest firms to reveal imminent forays into this area. Many will have seen the FCA’s finalised guidance on what constitutes advice as a green light for progress on this front. Investment banks and brokers, interested in the possible impact on listed firms’ bottom lines, have also begun to sit up and take notice. But their initial analysis reveals th...