Written by FT Adviser
During the 1980s stock trading was a manual process. Traders would write out a ticket for an order, this was then collected by a runner who would decipher the hurriedly scrawled note and type the order into a system to create the contract note.
Half of the companies in the first wave of the Financial Conduct Authority's advice unit have either launched a low-cost advice service or will be doing so imminently.
Over the last ten years it has become increasingly possible to turn bright technology ideas into smooth, working, scalable solutions, writes founding director of Altus, Kevin Okell.
A new piece of legislation is expected to help banks re-enter the advice market and consolidate their clients’ pension assets.