Fintech Folly – The Sense and Sensibilities of UK Robo Advice

06 July 2016

The findings of this review and research report leads SCM Direct to believe that the FCA needs to urgently apply the brakes and systematically review this nascent sector. Our conclusion is that there is little evidence of robust innovation, as new robo-advisers appear to be fundamentally financially unviable and/or seem to be regularly flouting key FCA rules. Is it time for the FCA to step in and protect consumers, and uncharacteristically act before the horse has bolted?

Download the report here