Should you let a 'robot' manage your retirement income?
Automated financial advice delivered by computer algorithm - often dubbed robo-advice - is a fast-growing business. But should you entrust your life savings to a computer? For many of us, talking about money is embarrassing - revealing our income and spending habits can feel like disrobing in public. So it's no wonder seeking investment advice from an impersonal, unbiased computer program is proving so popular. Consultancy firm Accenture found that 68% of global consumers would be happy to use robo-advice to plan for retirement, with many feeling it would be faster, cheaper, and more impartial than human advice.
Sep-8-2017, 01:25:11 GMT
- Industry:
- Banking & Finance
- Financial Services (0.73)
- Trading (0.98)
- Banking & Finance
- Technology:
- Information Technology > Artificial Intelligence > Robots (0.41)