New Model Adviser - For Professional Investors

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

FCA re-opens applications to robo-advice unit

FCA re-opens applications to robo-advice unit

The Financial Conduct Authority (FCA) has re-opened applications to its robo-advice unit. 

Firms will be able to apply to the unit between 3 January and 3 February 2017. 

The FCA set up the unit following the reccomendation of the Financial Advice Market Review (FAMR) in March. 

The unit offers firms support to develop online advice propositions for the mass market.

In September the FCA said it had approved nine firms out of 19 applications since it launched the unit in June.  Eight are ‘established firms’ in financial services.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Comment & analysis