Written by FT Adviser
Pension bank accounts will be a reality by the end of the decade, a report by financial consultancy Altus has claimed.
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.