Virtually one in 4 unbiased monetary advisers plan to introduce synthetic intelligence instruments to service shoppers over the subsequent 12 months, analysis reveals.
Pollster Opinium says that 23% of IFAs intend to introduce this cutting-edge expertise to their companies.
The examine comes as Prime Minister Keir Starmer says the UK should change into an AI “superpower”, with guarantees to make public knowledge out there to researchers and create zones for knowledge centres.
The Opinium examine finds that the “monetary sector had already begun to discover” the expertise.
But it surely provides that advisers are “divided as as to whether AI will assist or hinder their enterprise and the business”.
The report finds that 57% of advisers don’t really feel AI could have “a optimistic nor adverse influence” on their agency, whereas 45% suppose the identical about its potential influence on the business.
Nevertheless, simply over 1 / 4, or 27%, of advisers understand AI as a threat, whereas a majority, or 56%, view it as a possibility.
Opinium international head of economic companies analysis Alexa Nightingale provides: “Slowly however certainly, unbiased monetary advisers are adopting AI inside their practices, though the vast majority of the business nonetheless has no intention to utilise AI instruments.
“Impartial monetary advisers stay divided as to the advantages of AI, and whereas some are cautious concerning the dangers, it’s encouraging to see over half of advisers viewing AI as a possibility.
“AI has the potential to assist with admin and reporting duties, streamline processes and extra, giving advisers extra time to ship extra personalised recommendation to shoppers.
“Embracing these applied sciences may help corporations keep forward of the curve, and assist advisers ship a greater service to present and new shoppers.”
Opinium carried out a web based survey of 200 monetary advisers between 20 December and seven January.
