Advisers need not wait for a ‘holy grail’ technology solution as there are plenty of specialised software solutions out there that can drive efficiency in firms, according to the founder of iFactFind.
Ignition Advice has highlighted the importance of digital advice adoption if the advice industry wants to address the advice gap and deliver on the Quality of Advice Review’s aim of high-quality affordable advice.
The FSC pitched its final suite of reforms – including the abolition of safe harbour steps, a reissue of the Code of Ethics and swapping SoAs for 'Letters of Advice' – after KPMG reported that the advice process is a loss making venture, while the council's 'simple verse complex' advice demarcation plan has been scrapped.