Standard Life’s robo adviser in regulatory dry run

Standard Life’s financial planning arm 1825’s has listed its proposed robo-adviser as part of the UK Financial Conduct Authority’s fintech regulatory sandbox scheme.

1825’s robo-adviser has been developed to help individuals that do not have time or cannot afford the services of a financial adviser to be able to receive help with their retirement options.

The FCA said in a statement that it had received 69 applications for the fourth run of its sandbox scheme and has approved 29. Around 40% of the latest round of entrants were exploring blockchain technology, the regulator said.

1825 is among the latest major firms to perform a dry run of a new proposition via the FCA’s scheme. They follow on from Investec and Moneyfarm that have also utilised the sandbox scheme in the last 12 months.

ABOUT THE AUTHOR
Gary Robinson
Head of Video and Ezines at Open Door Media Publishing. Deputy Editor, International Investment. An experienced journalist and filmmaker with more than 20 years' financial services experience, both as journalist and originally as a fully qualified IFA, Gary works across both International Investment and InvestmentEurope titles. Previous video production credits include projects on BBC, C4 and SKY.

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