Not in the UK regulated advice space. AI can assist with research, drafting, modelling and compliance workflows, but giving regulated advice requires FCA authorisation, suitability reasoning, and human accountability for Consumer Duty outcomes.
What AI can do well - Initial research and fact-finding. - Portfolio modelling and scenario analysis. - Compliance checking of draft suitability reports. - Drafting client communications. - 24/7 client questions on factual matters.
What AI cannot replace - FCA-regulated advice (requires authorised individual). - Suitability reasoning for specific client circumstances. - Consumer Duty outcome responsibility. - Complex tax / legal interactions. - Emotional and relational aspects of advice.
How advisers are using AI - Plannr, Saturn, Advicefront for client-facing AI. - ChatGPT for drafting internally. - Copilot for Teams for meeting summaries. - Custom models for suitability report drafting.
Regulatory view FCA has been clear: AI-assisted advice must be supervised by a regulated human adviser, and the firm carries accountability.