WealthKernel Asset manager Standard Life's financial planning unit and the new Click & Invest robo service from Investec are among those receiving help from UK regulator the Financial Conduct Authority (FCA) in developing their automated advice offerings. The FCA said it was "encouraged" by the progress made on these initiatives but warned that they were not yet ready for use as a standalone service. They are among the seven businesses that were taken under the wing of the regulator's fintech accelerator earlier this year. Direct Life & Pension Services, Moneyfarm, Multiply.ai, Personal Touch Financial Services and WealthKernel are also part of the same cohort.
Asset manager Standard Life's financial planning unit and the new Click & Invest robo service from Investec are among those receiving help from UK regulator the Financial Conduct Authority (FCA) in developing their automated advice offerings. The FCA said it was "encouraged" by the progress made on these initiatives but warned that they were not yet ready for use as a standalone service. They are among the seven businesses that were taken under the wing of the regulator's fintech accelerator earlier this year. Direct Life & Pension Services, Moneyfarm, Multiply.ai, Personal Touch Financial Services and WealthKernel are also part of the same cohort.