Nine in 10 financial advisers expect increased speed and operational efficiency from the use of AI, according to a new report.

Wealth manager Saltus has partnered with fintech FinCalc to develop a range of digital tools for its clients and advisers.

Nikhil Rathi, FCA chief executive, said the regulator will probe Big Tech firms’ access to financial data to question how it could improve outcomes for consumers and business.

While there may be challenges to deal with down the line, a new report for Financial Planning Today Magazine found that at present, most Planners do not feel threatened by AI.