Robo-advice aims to fill pension freedom advice gap

The Financial Times investigates the booming robo-advice space as more pensions freedom clients look for cheaper financial help...

Over 55s with modest sized pension pots are turning to robo-advice services to help them make the most of the pension freedom reforms, the FT reports.

Since April, people wanting to use the new flexibility to cash in their pensions have been required in certain circumstances to obtain independent financial advice first.

But people with pots of £30,000 or less have struggled to get cost effective financial advice.

Providers such as LV= have stepped into the robo-advice arena to help plug the gap.

Read More at The Financial Times